Not mentioned in Input tax. so entry is. Purchase A/C Dr 19200 VAT (PAYA

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

Not mentioned in Input tax. so entry is.
Purchase A/C Dr 19200
VAT (PAYABLE) A/C Dr 800
TO CASH & BANK 20000

Is This Answer Correct ?

0 Yes

0 No

Please Help Members By Posting Answers For Below Questions

can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?

2706

How familiar are you with crm?

1067

Tell us what is the abbreviation for the accounting terms debit and credit?

1073

what are the main important accounting entries for AP and AR ...

1432

What is the abbreviation for the accounting terms debit and credit?

965

what is profitability ratio and dividend policy ratio

2015

How can do it TDS in accounts?

2034

are tpt, freight & packing charges part of sales & purchase ??

2105

What is general ledger account?

1051

discuss seperate determination concept

1987

If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

4825

What are bills receivable?

998

in terms of accounting the trial balance when is it taken?

1002

HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

1897

How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)

1885