Answer Posted / srish

if cash purchase

net purchase 4% 1440
4%vat 60
net purchase 12.5% 437.5
12.5vat 62.5

To cash 2000

Being cash purchase made.

if it is credit purchase the entry is same only Cr side is
party name.

In case pary name is in cr side ofter the payment you can
pass like this.

party A\c 2000

cash\bank 2000

Being cash paid against cr bill no.

i dont no what is tcs and tds what the use and how to calculate Tcs&Tds

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