What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.

Answer Posted / sunil

PURCHASE A/C DR. 19230
INPUT VAT A/C DR. 770
TO VENDIR A/C 20000

Is This Answer Correct ?    15 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir

1322


What is the difference between lc and bg(letter of credit

1448


What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.

34107


Let me know the liability positions of Partners

1468


WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?

1589






If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

920


Tell me what do you believe makes a successful account executive?

565


List the type of transactions entered in journal proper.

557


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

1460


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

618


Tell me did you use accounting applications at your previous companies or prefer working manually?

629


What is absorption costing with defination? and what is marginal costin with defination?

2507


One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2099


Compare financial accounting and cost accounting.

632


Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1410