purchases for rs100. vat @ 10% and cash discount rs 5 what
is the entry passed

Answer Posted / mahendra

purchase a/c dr 95
inputvat @ 10% 9.5
to cash 104.5

(being cash purchase )

Is This Answer Correct ?    3 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the payroll procedures?

1769


what is the scenario of multi-org setup?

1701


what is accounting in automobile

1701


distinguish between Bill of Exchange and Promissory Note

1769


am attend to bank exam(iob)pls send model questions

1629






EXPAND_________SDJMC

1913


what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?

1729


helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.

1596


what you mean by cross dunning

1729


it is better to invest in which securities short term/long term or both? please reason4 the same

1513


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

1649


please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam

1848


hi guys, pls refer me how to preppare for Indian Bank exams.

1960


How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

1220


What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry

1587