what is the entry to be made for vat when any purchase is made in that bill va

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

Question Posted / sainath

2 Answers
4238 Views
I also Faced
E-Mail Answers

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

Baddebts can charged to opening balance having credit balance?

3 Answers

what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?

0 Answers

entry of salary after deducting esi and pf

2 Answers Fiat,

What is C & F Activity ?

2 Answers Birla,

What will be the Journal Entry for this? Purchases goods from vendor worth Rs.20000.VAT included 4%.

28 Answers Ernst Young,

what are main accounting entries in a vehicle dealer

0 Answers

while we are paying salary what wil be the entry for tds deduction

7 Answers

we had company we provide work others they deducted tds how to pass entries in my company please tell me

1 Answers

HOW CAN I IMPORT OF DATA FROM TALLYERP9 VERSION WHAT WANT I WRITE "IMPORT FILE NAME (XML)" PLS ANYBODY CAN HELP ME

3 Answers

how to make contra entry in sap fico.?

3 Answers

i have 1 year gap after completing my graduation what should i say in interview?

4 Answers Genpact,

How to approval an invoice

1 Answers Accenture,

For more Accounting General Interview Questions Click Here