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Sold goods worth 425760 on credit to ABC Traders which is
inclusive of 4% vat tax.Pass sales entry with Vat tax
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Answer Posted / viswa
ABC Traders A/c Dr. Rs.4,25,760/-
To Sales A/c Cr. Rs.4,09,384/-
To Vat Tax @ 4% Cr. Rs. 16,376/-
(Being sale of goods to M/s. ABC Traders as per bill no)
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