Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the entry to be made for vat when any purchase is
made in that bill vat amount is included ?

Answer Posted / uttam kumar

PURCHASE A/C Dr.
Vat input A/c Dr.
To Party A/c Cr.

Is This Answer Correct ?    15 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the basic elements to prepare a quarterly information system and how to calculate that items?

1849


what is profitability ratio and dividend policy ratio

2165


Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

2392


Knowing what you know now, walk me through what you would do differently to drive even more success?

1068


Contrast bookkeeping and accounting

1059


how to finalised the Balance sheet & profit & loss A/C

2371


how to caluclate tds from emloyees and others

2162


in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity

5641


how will rectify the error in trial balance.

2012


If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

2648


Explain me the term material facts in accounting?

1185


Explain me by saying, perpetual or periodic inventory system; what do we mean?

1188


How will service tax & excise be charged?

1111


A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

2058


How is an accounting department structured?

1106