what is the journal entry?
goods purchased by ram on credit for 1000 which includes
vat rs.100 in it

Answer Posted / rakesh mallik

Purchase A/C DR 1000/-
Ram A/c CR 1000/-

Being Value Of Goods Purchased from Ram.

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why we reconcile our debtors? what steps we taken during reconciliation.

1602


can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com

1589


What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

2170


How can you actualize cah flows of 5 years at 8%

1665


Depreciation method to using Indian company names

1590






What Question ask in MARKIT Company?

6521


hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

1905


what is the difference between f.f.s and c.f.s?

2117


what is an advance against expenses

2843


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

1678


The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate

2050


Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1556


If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.

1746


Short answer on _______Amendment

1492


can i have practical examples of AS-30

1949