pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS
PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS
400/ .SO THAT IS THE ENTRY
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Answer Posted / venkatesh
dear sir,
purchase entry,
Purchase a/c Dr 15000/-
Input vat a/c Dr 600/-
To sundry creditors 15600/-
(being purchase of goods vide their bill no.xxx dt xx)
freight a/c Dr
To cash a/c
being freight paid)
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