Answer Posted / khan

Please see the answer as follows.

it is depend on terms and conditions if it is including C&F
( Cost and Freight ) then entry will be.

Purchase A/c Dr 15000/-
Input Vat A/c Dr 600/-
Freight A/c Dr 400/-

To XYZ (Name of the party) 16000/-

if it is except Freight then seen below answer

Purchase A/c Dr 15,000.00
Input Vat A/c 600.00

To XYZ ( Name of the party ) 15,600.00

then after freight u have to pay separate.

Freight A/c Dr 400
To Cash/Bank 400.00

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