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What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
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Answer / vijay
PURCHASE A/C......DR 19231
INPUT VAT A/C.....DR 769
TO VENDER A/C 20000
| Is This Answer Correct ? | 59 Yes | 10 No |
Answer / manojs
purchases a/c dr 19200
input vat a/c dr 800
to cash 20000
| Is This Answer Correct ? | 46 Yes | 26 No |
Answer / anchit saxena
hello viewers, actually this entry is related to credit
purchase so the entry will be pass:-
PURCHASE A/C DR. 19,200
INPUT VAT 4% A/C DR. 800
TO VENDOR A/C 20,000
| Is This Answer Correct ? | 18 Yes | 6 No |
Answer / sunil
PURCHASE A/C DR. 19230
INPUT VAT A/C DR. 770
TO VENDIR A/C 20000
| Is This Answer Correct ? | 15 Yes | 9 No |
Answer / kaipu.srinu84@gmail.com
purchage A/c dr 19231
inputtaxA/c dr 769
to cash 2000
| Is This Answer Correct ? | 30 Yes | 25 No |
Answer / rajiv ranjan
PURCHASE A/C DR. 19231
INPUTVAT 4% DR. 769
TO VENDER A/C 20000
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / moneca
purchases a/c dr.19200
input vat a/c dr.800
to cash 20000
| Is This Answer Correct ? | 12 Yes | 9 No |
Answer / priya
Purchase A/c Dr 19231
Input vat@4%A/c Dr 769
To VendorA/c 20000
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / gaurav
purchases a/c dr 19231
vat a/c dr 769
to cash 20000
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / satish sirikonda
goods/Purchase A/c. DR 20000
Input VAT 4% DR 800
to Vendor / Party A/c. 20800
| Is This Answer Correct ? | 3 Yes | 1 No |
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
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