What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
Answer Posted / manojs
purchases a/c dr 19200
input vat a/c dr 800
to cash 20000
| Is This Answer Correct ? | 46 Yes | 26 No |
Post New Answer View All Answers
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
Do you think accounting standards are mandatory and why?
Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
How you can adjust entries into account?
What methods do you use to discover sales opportunities?
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
What is the use of form D in sale tax
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
What are the differences between contrast bookkeeping and accounting
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
how to caluclate tds from emloyees and others
audit under section and penalty under saction scurtiny under saction
What is the importance of accounting standards?
what is profit and loss(dr) in cash flow statement?