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i have paid the vat amount for the financail year 2009-2010
in the financail year 2011-2012.how to pass journal
entries
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Answer Posted / govind
Vat Payable A/c (2009-10) Debit
Interest a/c Debit
Penalty A/c Debit
To Bank or Cash A/c
(Vat paid for the f.y.2009-10 & charges Interest by sales tax Dept.on vat payable amount...... & with paid penalty)
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