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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
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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 |
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