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purchase rice 2 bags rs.7500 and vat charges @5%
what is the answer...
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Answer / rajeshkanna
PURCHASE A/C DR XXXX
VAT CHARGES A/C DR XXXX
TO CASH A/C XXXXX
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / nik
PURCHASE 2 BAG OF RICE FOR 7500 THE TOTAL AMOUNT IS 7500. 5%
VAT AMOUNT IS 375.
7500+375=7875
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / jitendra kumar
purchaged A/c DR 7500
Vat A/c DR 375
Cash A/c CR 7875
( Being rice purchased)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / neelaiahgari manjunath
Dear friends
Vat is add to original cost to the good or item
2 bags rice purchase 15000/- each bag buying 7500 vat@5%,
15000*2/100=750
ledger entry
purchase a/c dr 15000/-
vat taxa/c dr 750
to, cash a/c 15750/-
(being rice bags purchase towards tax )
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / naveen
For 2 Bags Rs.7500
Plus Tax 5% Rs.375
Total Will Be 7875
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arun k sharma
Purchase A/C Dr 7500
Vat Charges A/c Dr 375
To Cash 7875
(Being rice purchased)
Comment: Rs 7500 for 2 Kg rice, not 7500 Rs per Kg, Thanks
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ravichandra
Purchase rice 2 bags rs.7500 vat charges @5
=7500*2=15000*5/100=750
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / thiran
One rice bag price= 7500
2 bags purchased. 7500x 2= 15000
Vat amount is = 714.28572
| Is This Answer Correct ? | 2 Yes | 4 No |
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