purchase rice 2 bags rs.7500 and vat charges @5%
what is the answer...
Answer Posted / rajeshkanna
PURCHASE A/C DR XXXX
VAT CHARGES A/C DR XXXX
TO CASH A/C XXXXX
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
What is the entry for closing stock value reduction?
What are time sheets?
WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
How can you explain the basic accounting equation?
Why in KE5Z report in SAP Accounting Data not found?
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
What are the disadvantages of manual accounting?
What is the definition of offset accounting?
Which forms in use in service Tax, Excise duty and Vat for the return.
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00