Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry?
goods purchased by ram on credit for 1000 which includes
vat rs.100 in it
- 19 Answers
- 49758 Views
- IBM, Shreyas, I also Faced
- E-Mail Answers
Answer Posted / annapurna
all purchases must be debited hence debited
Vat tax which is added to purchases is an input tax All
input taxes will be debited.Any payable is a liability and
will be always on credit side only.Here Ram purchased from
somebody so somebody(supplier) has to be credited
| Is This Answer Correct ? | 9 Yes | 5 No |
Post New Answer View All Answers
What is combination?
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
How to enter PO in SAP
What is the Assets & Liabilities?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
Expand ________FIPB
What is Inventory Control?
What is Merchandising Accounting process
what is mean by ledger
what is general HR?
let me know the minimum Accounting Heads in an accounting system
What is Free Cash?
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
what are the type of cash flows?
Expand---------PED
