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What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
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Answer Posted / anchit saxena
hello viewers, actually this entry is related to credit
purchase so the entry will be pass:-
PURCHASE A/C DR. 19,200
INPUT VAT 4% A/C DR. 800
TO VENDOR A/C 20,000
| Is This Answer Correct ? | 18 Yes | 6 No |
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