In which book of prime entry would the vat output Vat on credit sale be recorded?
Answer Posted / laxman sharma
In journal's entry ,
Cash a /c. Debit
Sales a/c credit
Output vat a/c credit
| Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
How many types of business transactions are there in accounting?
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
export sales contract and domestic sales contract? india's trade in commercial services?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
what is a difference between public and private accounting?
what are doucement required under registration of properity firm. give the answer breif
What does it mean to do accounting training outside of public practice?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
How to pass workscontract sale invoice which includes WCT & VAT.