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how to pass entry for VAT return adjustment entry?

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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