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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 / l g sree
if purchased material by cash /bank
vat purchased rs 1442.00
4% vat on purchase rs 58.00
vat purchased rs 444.00
12.5% vat on pur rs 56.00
To cash /bank
if credit To Party name ex(xxxxxx)
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