Received Invoice from Tvs Co. against purchase of 15 pcs of
Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
Answer Posted / kaushik
Purchase excluding VAT, means purchase from unregistered
dealer, so no entry requied to pass for VAT.Only Purchase -
dr & cr the Party,
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
what is mean by sample account and data transfer rule in SAP FI?
Why current assets Liability said & current Liability Assets said...?at tally ERP9
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
Tell me the stages of double entry system?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
Tell me in accounting, how do you define premises?
Why is accuracy important in accounting?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
What is fair value accounting definition?
i want to know f form and how to use and how can purchase
Explain have you ever heard about tds, what it is?
What is the purpose of financial statements?
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
Mention the types of accounts involved in double entry book-keeping?