WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS
UNDER :.
SUB TOTAL = 428325.45
VAT @12.5%= 53540.68
Additional vat 1%= 4283.25
ORDER DISCOUNT = (9722.99)
ROUNDED OFF = 0.39
--------------------------
NET AMOUNT = 476426.00
- 2 Answers
- 3500 Views
- I also Faced
- E-Mail Answers
Answer Posted / asif beg
ENTRY :.
PURCHASED A/C DR. 428325.45
VAT ON PURCHASE A/C DR. 57823.54
TO PARTY A/C 476426.00
TO DIS. REC. 9722.99
(BEING GOODS PURCHASED)
THANK YOU
| Is This Answer Correct ? | 13 Yes | 3 No |
Post New Answer View All Answers
Which accounting applications are your familiar with?
What is the difference of cost accounting and financial accounting?
i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
journal entry for goods withdrawn for personal use
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
What are the types of liabilities accounts?
Explain what is involved in the process of double-entry accounting?
Pls tell me the basic rules of accounts for interview in finanace or accounts section
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
Tell us did you use accounting applications at your previous companies or prefer working manually?
Did you use accounting applications at your previous companies or prefer working manually??
What is the use of 2a, 2b & 2c form in CST ?
