Interested to Buy Any Domain ? << Click Here >> for more details...
Received Invoice from Tvs Co. against purchase of 15 pcs of
Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
- 6 Answers
- 8169 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / g.siva kumar
invoice bill A/C Dr 11,250/-
4% VAT A/C Dr 450/-
To TVS co., A/c 11,700/-
(Being invoice bills received from TVS co. and 4% VAT is calculated on that invoice)
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / gourab mistri
the journal is
Dr/Cr Ledger Amount
Credit Tvs Co. 11,700/-
Debit VAT @ 4% 450/-
Debit Inventories/ Purchase 11,250/-
Narration: Being the amount credited to Tvs Co. for 15 pcs
of Mouse @750/- with VAT@4%
| Is This Answer Correct ? | 7 Yes | 3 No |
Purchase Dr. 11,250.00
Input VAT Dr. 450.00
TVS Co. Cr. 11,700.00
| Is This Answer Correct ? | 2 Yes | 0 No |
Purchase Dr. Rs. 11250.00 (i.e., 750x15)
Input VAT Dr. Rs. 562.50 (i.e., 5% on 11250/-)
TVS Co. Cr. Rs. 11812.50 (i.e., 11250+562.50)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / mahendra
mouse purchase a/c dr. 11250
vat dr. 450
To Tvs Com. cr. 11700
| Is This Answer Correct ? | 1 Yes | 0 No |
Explain the accounts payable cycle
Do you know what are trade bills?
What are the 4 types of ppe?
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?
define capital rationing!
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
what is the diff btw charge and appropriation
7 Answers Capital IQ, FactSet Systems, HP,
i want to know f form and how to use and how can purchase
What is the TDS rate for Salary???????
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
1.What is the entry sales and Purchases including discount and TCS 2.if sales but suddenly road accident and only party received 80% and balance staled the insurance company what is entry in accounting booked
Calculation of closing Stock give example?
25 Answers ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,
Audit 
