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Wat is the journal entry for credit sales with vat
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Answer Posted / vivek mohan
party A/C DR
TO output vat
TO sales
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in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
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