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 do you mean by ledger posting?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
What is an operative accounts?
What is difference between Cash Flow and fund flow
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
what is a corporate chart of accounts and its purpose?
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
What is Prepaid Entry
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
what is profitability ratio and dividend policy ratio
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
what is mean by sample account and data transfer rule in SAP FI?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax