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
- 38781 Views
- Ernst Young, I also Faced
- E-Mail Answers
Answer Posted / ankur katyal
Vat is included in Rs20,000.
Hence entry should be
Dr purchase a/c Rs.19,230.76
Dr Vat a/c Rs.769.24
Cr Vendor a/c Rs. 20,000
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
what is tribal area allowance means
What are the activities that are included in the cash flow statement?
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Spinoff,Spelloff
Define fair value accounting?
Tell me do you have any idea about service tax or excise?
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
What is the difference between lc and bg(letter of credit
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
what is a corporate chart of accounts and its purpose?
Tell me what is the abbreviation for the accounting terms debit and credit?
how to pass interest on security entries and salary payable entries in tally and how to maintain e-commerce company account please revert me ASAP its needful for me
what is consignment entry?
