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Received Invoice from Tvs Co. against purchase of 15 pcs of
Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
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Answer Posted / g.siva kumar
invoice bill A/C Dr 11,250/-
4% VAT A/C Dr 450/-
To TVS co., A/c 11,700/-
(Being invoice bills received from TVS co. and 4% VAT is calculated on that invoice)
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