Interested to Buy Any Domain ? << Click Here >> for more details...
Please tell me jurnal entries for input vat and output vat?
- 1 Answers
- 4264 Views
- I also Faced
- E-Mail Answers
Answer / rabindra nayak
For example
vat out put 5% 1500/-
vat in put 5% 300/-
Journal enteritis of vat input & out put
vat out put 5% A/c 300/- DR
vat in put 5% A/c 3000/- Cr
so our vat out put now 1200/-
VAT Out Put always Credit Balance & Vat input always Debit
balance.
| Is This Answer Correct ? | 5 Yes | 5 No |
what are the disadvantages of back-flush accounting?
What is the difference between Economics and Finance?
How Can We Justify the,Real A/C & Nominal A/C?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
if rs 200 has to be charged in one A/c but had been wrongly charged in another A/c.what entry will be pass to correct the entry
I have received a cheque from customer and i deposited into the bank next 4-5 days cheque has been bounced by the bank. Pls tell me what is reverce entry in the tally for cheque bounced and which option i will enter in journal or payment entry. Salary . is it direct exp or indrect exp.
what is meant by debit and credit
private placement
what is the meaning of banking
What do you mean by ledger posting?
What are the disadvantages of manual accounting?
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
Audit 
