Any body give journal entry for this
PURCHASEA/C DR 500
S.TAX 50.0
SUNDRY CREDITOR 450.00
AND
Which amount i taken in purchase ledger
and which amount i taken in s.Tax ledger
and which amount i taken in sundry creditors ledger
wat are the details i require to maintain with regard to
submitting of s.Tax return
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You had purchased for Rs. 500.
Purchase Amt - 450
S.Tax 50
-------------------
Total - 500 (Sundry Creditor)
=======================================
If, my thinking is correct, then the entry will
Purchase A/c. Dr. 450
S.Tax A/c. Dr. 50
To. Sundry Creditor A/c Cr. 500
(S.tax debited because you are going to claim set off of S. Tax. otherwise total amount will debited to Purchase Account)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / neeraj goyal
If assessee claim than S.T. Then
Purchase 450
S.T. 50
To creditor. 500
If not claim of ST than
purchase. 500
To creditor 500
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / guest
in purchase ledger by s.tax 50.0 and by sundry creditor
450.0
in s.tax ledger to purchase 50.0
in sundry creditor ledger to purchase 450.0
| Is This Answer Correct ? | 0 Yes | 4 No |
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