What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
Answer Posted / amarnath
Purchase A/C DR 19200
VaT A/C DR 800
To Vendor A/C 20000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?
What are assets minus liabilities?
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
Is an "account receivable" and "goodwill" real accounts in accounting?
What are the activities that are included in the cash flow statement?
What is peach tree accounting?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Explain accounting 101?
What is the difference between the accrual accounting and cash accounting?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
EXPLAIN EACH SECTION PROVISIONS ON TDS?