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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
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Answer Posted / rajesh
Here is the Entry
you will be getting Purchase Bill for Rs.16,000/-.
DR Purchase A/c -15000/-.
DR Input Tax VAT @ 4% - 400/-.
DR Freight Charges - 400/-.
CR XXX ( Party Name ) -16000/-.
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