Answer / santosh kumar

Purchase A/c Dr.
Vat Return Cr.

Answer / deep nisha

Dr. Output Vat
Cr. Input Vat
Cr. Vat Payable

Dr. Vat Payable
Cr. Bank/Cash A/C

Answer / marie rose jagolino

a/r
output
sales

purchase
input vat
a/p

output
vat payable
input vat

Answer / nila

vat output a/c Dr.

vat input a/c

Answer / mohd sameer

in purchase case.purchase always debit.and payment by cash
so cash credit.and input vat credit...


purchase a/c dr
To cash/bank
To input vat.

case of sales

cash a/c dr
output vat a/c dr
to sales

Answer / srinivas

in case of transfer to credit amount (no sales)

vat amount a/c dr
to input vat a/c

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what is golden rules of accounts

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