Pass a entry for purchase a material for Rs. 2000 inclusive
of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration
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Answer Posted / hemant dubey
in the case of inclusive vat
Purchases a/c 1442
Vat @4% 58
Purchases a/c 444
Vat@12.5% 56
To Cash/Party A/c
( being item of 1500 hundred purchases on 4% vat and 500
item purchases on the vat of 12.5 % )
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