1. Categories >> Accounting >> Accounting General
  2. Suggest New Category

what is the entry to be made for vat when any purchase is
made in that bill vat amount is included ?

Question Posted / sainath

Answers were Sorted based on User's Feedback



what is the entry to be made for vat when any purchase is made in that bill vat amount is included..

Answer / uttam kumar

PURCHASE A/C Dr.
Vat input A/c Dr.
To Party A/c Cr.

Is This Answer Correct ?    15 Yes 1 No

what is the entry to be made for vat when any purchase is made in that bill vat amount is included..

Answer / radhika

PURCHASE A/C DR.
PARTY A/C

Is This Answer Correct ?    3 Yes 7 No

Post New Answer

More Accounting General Interview Questions

we purchase one material from one party & sale it to other party but the product got problem so 1 st party give us a credit note now the question is how i pass jv in my co. account

1 Answers   Pragati Industries,

Bank Reconciliation

1 Answers  

Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

0 Answers  

audit under section and penalty under saction scurtiny under saction

0 Answers  

what is entry for depriciation

1 Answers  




Tell us what is a cpa?

0 Answers  

what is meant by bank OD A/c?

3 Answers   Sahara,

Tell me where do generally accruals appear on the balance sheet?

0 Answers  

WHAT IS LIABILITY?

6 Answers   WNS,

What is TDS

3 Answers  

Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

0 Answers  

Hi all, can anybody help me with the mutual fund (AMC)accounting. I would like to know the accounting entries for subscriptions (premium/discount), redemptions (premium/discount), fund expenses, buying/selling securities by the fund and other fund management related accounting entries.

1 Answers  

For more Accounting General Interview Questions Click Here
Categories