Answer / atul pandey

The journal Entry of Sales transaction of vat is

Party A/c DR...
To Vat A/c
To Sales A/c

For E.g suppose A company X made a sale of 10000 to Company
z and there is a amount of Vat 5 percent in it. so the
entry made in X A/c is

Z A/c DR......... 10000

To Vat A/c .........477
To Sales A/c .......9523

please give a journal entry for purchase order

1 Answers   Cap Gemini, IBM,

---

1. RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above.

1 Answers  

---

saji become insolvant -what is journal entry

0 Answers  

---

How Many Methods of Depriciation & Which are those ??

6 Answers   Focus,

---

3, SURVEY EXPENSES FOR MARINE INSURANCE CLAIMS MUST BE A, addedto claim B, added to legal charges c, added to administrative expenses d, none of the above

1 Answers  

---

---

purchased a laptop for Rs.50000 and received one calculator costing Rs.1000 for free. Both laptop and calculator (stationery in nature) are meant for office use.What will be the journal entry in the books of both the parties?

21 Answers  

---

Who created snapit accounting?

0 Answers  

---

purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

3 Answers  

---

how to value stock?

1 Answers  

---

whether depreciation is fundfolw or cashfolw?

2 Answers  

---

is we can prepare any account for partnership in tally

0 Answers  

---

Sold goods to Gasha 600 by cash

0 Answers  

---