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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



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