pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS
PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS
400/ .SO THAT IS THE ENTRY
- 4 Answers
- 6267 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / jenapkumar
hai dear
here is your entry
If goods purchased and freight paid in cash.
Purchase A/c Dr 15000/-
Input Vat A/c Dr 600/-
Freight A/c Dr 400/-
To XXXX (Name of the party) 15600/-
To Cash 400/-
(Being Goods purchased vide bill No. xxx dated xxx)
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / khan
Please see the answer as follows.
it is depend on terms and conditions if it is including C&F
( Cost and Freight ) then entry will be.
Purchase A/c Dr 15000/-
Input Vat A/c Dr 600/-
Freight A/c Dr 400/-
To XYZ (Name of the party) 16000/-
if it is except Freight then seen below answer
Purchase A/c Dr 15,000.00
Input Vat A/c 600.00
To XYZ ( Name of the party ) 15,600.00
then after freight u have to pay separate.
Freight A/c Dr 400
To Cash/Bank 400.00
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / venkatesh
dear sir,
purchase entry,
Purchase a/c Dr 15000/-
Input vat a/c Dr 600/-
To sundry creditors 15600/-
(being purchase of goods vide their bill no.xxx dt xx)
freight a/c Dr
To cash a/c
being freight paid)
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / rajesh
Here is the Entry
you will be getting Purchase Bill for Rs.16,000/-.
DR Purchase A/c -15000/-.
DR Input Tax VAT @ 4% - 400/-.
DR Freight Charges - 400/-.
CR XXX ( Party Name ) -16000/-.
| Is This Answer Correct ? | 7 Yes | 6 No |
Wats is the diffrence between Fund flow and cash flow statemtnt?
2 Answers HCL, JPMorgan Chase,
If I am forget to deposit TDS of An Party than what's the procedure to rectify it, Please mention in detail?
what do we mean we say that accounting is a means rather than an end?
what is a contra entry how it is passed in journal and cashbook
13. The firm has 20,000 common shares authorized, 15,000 shares outstanding, and 3,000 shares of treasury stock. How much common equity shares are issued. a) 2,000 b) 5,000 c) 17,000 d) 18,000
8 Answers Capital IQ, FactSet Systems,
Expand ________CAP
type of reconciliation?
What is written off?
What is direct tax & indirect tax
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
what is the work done in a BPO? will it add experience for my M.B.A?
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
Audit 
