Answer / anju

OUTPUT A/C Dr.
TO INPUT A/C
TO VAT PAYABLE


VAT PAYABLE DR.
TO BANK/CASH A/C

Answer / rahul sharma

1. at the time of Purchase

Purchase A/c Dr.10
To VAT input A/C Cr.10

2. at the time of Sale

VAT output A/C Dr.15
To Sales A/C Cr.15

3. Adjustment Entry

VAT output A/C Dr.15
To VAT input A/C Cr.10
To VAT Payable A/C Cr.05

4. for payment of TAX

VAT Payable A/C Dr.05
To Cash/Bank A/C Cr.05

# if input is excess then output then tax is refundable

Answer / balaji

debit party account and credit goes to vat account

Purchase a/c dr
To Vat Purchase A/c

Answer / kalpana

VAT PAYABLE A/C Dr
To Bank / cash A/c

Answer / balaji

By Supplier A/c Dr
TO Vat Purchase A/c

Answer / jayachandran,cavin industries

1.at the time of sales

Debitor a/c DR

VAT payable a/c CR

2.Input VAT Adjustemnt entry

VAT payable a/c DR

Input Vat 4% and 14.5% Cr

3.At tthe time of amount remited to Sales Tax

VAT Payable a/c Dr

Cash / Bank Cr

Answer / nitin

furniture a/c dr.
To Cash a/c
To vat input a/c

Answer / shalini sharma

Purchase A/c Dr.
To Vat Purchase A/c

Answer / nitin

purchses a/c dr.
to at input a/c

Answer / naveen kumar

Dr. Output A/C
Cr. Input Vat
Cr. Vat Payable

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

What is current liability

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