Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


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

Answers were Sorted based on User's Feedback



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

Answer / vijay

PURCHASE A/C......DR 19231
INPUT VAT A/C.....DR 769
TO VENDER A/C 20000

Is This Answer Correct ?    59 Yes 10 No

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

Answer / manojs

purchases a/c dr 19200
input vat a/c dr 800
to cash 20000

Is This Answer Correct ?    46 Yes 26 No

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

Answer / anchit saxena

hello viewers, actually this entry is related to credit
purchase so the entry will be pass:-

PURCHASE A/C DR. 19,200
INPUT VAT 4% A/C DR. 800
TO VENDOR A/C 20,000

Is This Answer Correct ?    18 Yes 6 No

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

Answer / sunil

PURCHASE A/C DR. 19230
INPUT VAT A/C DR. 770
TO VENDIR A/C 20000

Is This Answer Correct ?    15 Yes 9 No

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

Answer / kaipu.srinu84@gmail.com

purchage A/c dr 19231
inputtaxA/c dr 769
to cash 2000

Is This Answer Correct ?    30 Yes 25 No

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

Answer / rajiv ranjan

PURCHASE A/C DR. 19231
INPUTVAT 4% DR. 769
TO VENDER A/C 20000

Is This Answer Correct ?    7 Yes 3 No

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

Answer / moneca

purchases a/c dr.19200
input vat a/c dr.800
to cash 20000

Is This Answer Correct ?    12 Yes 9 No

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

Answer / priya

Purchase A/c Dr 19231
Input vat@4%A/c Dr 769
To VendorA/c 20000

Is This Answer Correct ?    4 Yes 1 No

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

Answer / gaurav

purchases a/c dr 19231
vat a/c dr 769
to cash 20000

Is This Answer Correct ?    2 Yes 0 No

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

Answer / satish sirikonda

goods/Purchase A/c. DR 20000
Input VAT 4% DR 800
to Vendor / Party A/c. 20800

Is This Answer Correct ?    3 Yes 1 No

Post New Answer



More Accounting General Interview Questions

Foreign currency Valuation

2 Answers   Accenture,


what is the difference between earnings and profits

4 Answers  


how to account the purchase and sale of fixed assets?

2 Answers  


How to calculate excise duty?

4 Answers   Capital IQ,


I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.

0 Answers  






what do you mean Provision for bad debit

8 Answers   Genpact,


what is primary cost category?

4 Answers  


why the provision is created in profit and lose account

1 Answers   Wipro,


What is an ea in accounting?

0 Answers  


What is Bank ?

6 Answers  


Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx

0 Answers  


What are the important things to be remembered while preparing a bank reconciliation statement?

0 Answers  






Categories