What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
Answer Posted / sunder pal
PURCHASE A/C DR 19230
INPUT VAT A/C DR 770
TO VENDOR A/C 20000
| Is This Answer Correct ? | 3 Yes | 4 No |
Post New Answer View All Answers
What is capital adequacy ratio? What is demat account?
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
Do you know in accounting, vat abbreviates what?
How to show Airticket Expense on Company's A/c as Company expense
service tax calculated on agreement value or market value whichver is higher for builders?
what is the last date of deposit TDS on liability for the assessment year 2010-11
If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?
How do I record a prior year property tax refund on sale of asset due to overvaluation
What is the difference of cost accounting and financial accounting?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Tell me an example of a tough decision that you had to make?
What is absorption costing with defination? and what is marginal costin with defination?
What does overhead mean in regards to accounting?