how to pass journal entry for vat paid in tally?
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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 |
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