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


Please Help Members By Posting Answers For Below Questions

Write about the media role in daily life

1663


Do you know how many types of business transactions are there in accounting?

611


what is use of cost center category in tally ? why & when use this ? what is benfit ?

1635


if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1123


HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB

1702






Explain the term account payable?

597


How do I charge bank charges on payments to clients

1599


Plant and machinery destroyed for 50000

1097


How do I record a prior year property tax refund on sale of asset due to overvaluation

983


What are the different types of gst?

627


What is mean by Asset area?

1783


Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

1598


How is the accounting for hire purchase transactions done?

631


Do you know offset accounting?

623


how many view the tally backup erp9 after the tally backup in tally

1432