how to pass journal entry for vat paid in tally?
Answers were Sorted based on User's Feedback
Answer / abdul kaleem
first of all you have to open the tally and select voucher
entry then press F7 key and enter the journal entry as
vat payble a/c dr
to bank a/c
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / eliyash
vat payable A/c ..............Dr
cash/bank .................Cr
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / shashikala jm
Firstly you need to create the % of vat a/c may be 14.5/5% etc.,under duties & taxes head & then need to select the accounting voucher entry in tally prees 7 for journal entries & give a debit to the corresponding percentage of vat & give a credit to any bank or cash account which wiil be already created under cash/banks a/c's head.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mu
When stat payment is used amount paid appears in statutory report under VAT paid. But if journal entry is passed then this does not happen. Any solution for this?
| Is This Answer Correct ? | 0 Yes | 0 No |
i want more question for account for infoys inteview please send me fast
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
Expand-------NBTA
what is debtors?
Are service charges made on tenants' property rental to be regarded as incoming resources?
i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
What is LC (Letter of Credit)..?
Pls let me know how to calculate TDS n on what basis is it done
What is Suspense Account?
what is differed revenue expenditure
What is SOX
what is meaning of SOP.