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how to pass entry for VAT return adjustment entry?
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Answer Posted / saurabh gureja
when output vat is higher than input then entry will
be: output vat dr.
input vat cr.
vat adjutment a/c cr .
but when input is higher then:
output vat dr.
vat adjustment dr.
input vat cr.
| Is This Answer Correct ? | 32 Yes | 7 No |
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