Answer / anandrao95

Debit VAT payable a/c and credit bank a/c

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

Answer / ranjeet kumar

vat payable a/c Dr.
To Bank a/c

Answer / eliyash

vat payable A/c ..............Dr
cash/bank .................Cr

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.

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?

Answer / suresh kumar

vat paid A/c Dr.
Bank A/c Cr.

40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000

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what is accounting standard?

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How the Basic salary will be fix for an employee?

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