Interested to Buy Any Domain ? << Click Here >> for more details...
What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
- 28 Answers
- 37704 Views
- Ernst Young, I also Faced
- E-Mail Answers
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 | 1 No |
Post New Answer View All Answers
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
Do you know what are trade bills?
what is the manual procedure for accounting
In accounting equation what is the treatment of investment in shares??
How can you do credit control?
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
What are the effects of international accounting standards on accounting practices of developing nations?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
Tell me what are the three factors that can affect your cash flow and business profitability?
bank jobs
What is the difference between General Ledger and Ledger?
What and How to compute an unsecured balances?
what is the minimum & maximum amount paid by company per day
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
