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what is the journal entry?
goods purchased by ram on credit for 1000 which includes
vat rs.100 in it
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Answer Posted / venugopalarao tatineni
1)Purchase A/c Dr
Input Vat payable A/C Dr
Ramco ltd A/c Cr
2)CWIP - electrical/Machinery A/C DR
Capital Vat Payable A/C DR
Ram johanyakbar c.A/C Dr
| Is This Answer Correct ? | 6 Yes | 13 No |
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