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what is the journal entry?
goods purchased by ram on credit for 1000 which includes
vat rs.100 in it
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Answer Posted / rakesh
PURCHASE A/C DR 900/-
VAT RECOVERABLE DR 100/-
TO SUPPLIERS CR 1000/-
(BEING ITEMS PURCHASED ON CREDIT)
| Is This Answer Correct ? | 5 Yes | 6 No |
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