Purchase a/c Dr. 20000 TO Cash a/c 20000 Inout Vat A/c Dr.

What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.

Question Posted / anoop.m

Answer Posted / anoop.m

Purchase a/c Dr. 20000
TO Cash a/c 20000

Inout Vat A/c Dr. 769
To Cash a/c 769

Is This Answer Correct ?

0 Yes

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