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Pass a entry for purchase a material for Rs. 2000 inclusive
of VAT @ 4% on Rs. 1500 & @12.5% on Rs. 500 with narration
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Answer Posted / smart
purchase on vat (4%) a/c dr. 1440
purchase on vat (12%) a/c dr. 437.50
vat input dr. 60.00
vat input (12.50%) dr. 62.50
to party a/c 2000
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