anoop.m


{ City } kochi
< Country > india
* Profession * accountant
User No # 92893
Total Questions Posted # 0
Total Answers Posted # 18

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Users Marked my Answers as Correct # 37
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Answers / { anoop.m }

Question { Ernst Young, 32933 }

What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.


Answer

Purchase a/c Dr.20000
Vat a/c Cr.800
Vendor a/c Cr.19800

Is This Answer Correct ?    1 Yes 1 No

Question { Ernst Young, 32933 }

What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.


Answer

Not mentioned in Input tax. so entry is.
Purchase A/C Dr 19200
VAT (PAYABLE) A/C Dr 800
TO CASH & BANK 20000

Is This Answer Correct ?    0 Yes 0 No


Question { 11542 }

amount paid to rajiv as tour advice-2000


Answer

If advance.
Rajiv a/c Dr
Cash a/C Cr

After submission Bills.
Travelling exp Duty & Transfer A/c Dr.
Rajiv a/c Cr.

Is This Answer Correct ?    10 Yes 0 No

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