Interested to Buy Any Domain ? << Click Here >> for more details...
Please tell me jurnal entries for input vat and output vat?
- 1 Answers
- 4420 Views
- I also Faced
- E-Mail Answers
Answer Posted / rabindra nayak
For example
vat out put 5% 1500/-
vat in put 5% 300/-
Journal enteritis of vat input & out put
vat out put 5% A/c 300/- DR
vat in put 5% A/c 3000/- Cr
so our vat out put now 1200/-
VAT Out Put always Credit Balance & Vat input always Debit
balance.
| Is This Answer Correct ? | 5 Yes | 5 No |
Post New Answer View All Answers
Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
What are the 4 phases accounting?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Explain a time when you have not met your goal?
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
What is reversing journal entries?
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
how pass journal entry in the month ending for input vat and out put vat
What is balance sheet and off balance sheet?
saji become insolvant -what is journal entry
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
all GL Related Interview questions with answear
