What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
- 28 Answers
- 32955 Views
- Ernst Young, I also Faced
- E-Mail Answers
Answer Posted / anchit saxena
hello viewers, actually this entry is related to credit
purchase so the entry will be pass:-
PURCHASE A/C DR. 19,200
INPUT VAT 4% A/C DR. 800
TO VENDOR A/C 20,000
| Is This Answer Correct ? | 18 Yes | 6 No |
Post New Answer View All Answers
if my salary is 12000 per month how much i will get after deducting PF an ESI
Explain have you ever heard about tds, what it is?
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
What action could be taken by you and your manager to improve your performance in your current position?
Mention what are things will not be included in a bank reconciliation statement?
What is meant by partitioning?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
What is the difference between provision and reverse?
What is fitting and fixtures?
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
Define public accounting?
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
what is dmat charges?
