I took printer from stock, previously I purchased this printer
for £60 plus Vat.
What entries do I need to put through the books?
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Answer Posted / reddy
HI IAM REDDY -MOBILE- 9008343183. BANGALORE
1) PRINTER A/C Dr 60.00
VAT @ % A/C Dr **.00
TO SUPPLIER A/C (60 + VAT AMOUNT)
(BEAING PRINTER PURCHASED FROM --/BILL NO:)
2) SUPPLIER A/C Dr (60 + VAT AMOUNT)
TO CASH/BANK A/C "
(BEAING CASH PAID TO SUPPLIER)
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