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
- 3501 Views
- I also Faced
- E-Mail Answers
Answer Posted / praveen reddy
purchase a/c Dr 4,28,325.45
input vat 12.5%a/c Dr 53,540.68
additional vat 1%a/c Dr 4,283.25
To discount received a/c 9,722.99
To party name a/c 4,76,426.00
To round of a/c .39
(being purchased goods)
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Explain have you ever prepared mis reports and what are these?
why we multiply no. of purchasing year with average profit
is goods in transit will be liable for entry tax ?
What is "deposit in transit"?
What is service tax & excise?
What is cash flow and fund flow?
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
What is fair value accounting definition?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
How did you chose your university?
give me examples of the accounting reports you have prepared
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
what type account are below Debentures Bank overdraft
what is t code of gr/ir report?
