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pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS
PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS
400/ .SO THAT IS THE ENTRY

Answer Posted / venkatesh

dear sir,

purchase entry,

Purchase a/c Dr 15000/-
Input vat a/c Dr 600/-
To sundry creditors 15600/-
(being purchase of goods vide their bill no.xxx dt xx)

freight a/c Dr
To cash a/c
being freight paid)

Is This Answer Correct ?    4 Yes 3 No



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