what is the entry to be made for vat when any purchase is
made in that bill vat amount is included ?
Answers were Sorted based on User's Feedback
Answer / uttam kumar
PURCHASE A/C Dr.
Vat input A/c Dr.
To Party A/c Cr.
Is This Answer Correct ? | 15 Yes | 1 No |
i had completed my continious service in ltd co for 4.6years,whether i am eligible for gratuity
what is cash discount?
Explain how you can adjust entries into account?
what is thr differences between sales & sales invoice ?
what is difference between bill and invoice
Explain accounting 101?
What are the uses of journal in accounting?
WHAT IS THE DIFFERENCE BETWEEN BANK BALANCE SHEET AND INSURANCE BALANCE SHEET.
what is difference between depriciation and depriciation reserve ? how to treat depriciation in the books of accounts
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
Capital market