What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
Answer Posted / vijay
PURCHASE A/C......DR 19231
INPUT VAT A/C.....DR 769
TO VENDER A/C 20000
| Is This Answer Correct ? | 59 Yes | 10 No |
Post New Answer View All Answers
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
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
DIFFERNCE BETWEEN RESERVE AND FUND?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
what is the difference b/w gain and profit?
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
how to pass journal entries for reverse tax on input tax paid
HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER
What are the different branches of accounting?
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
simply define shares and debentures
what is profit maximisation
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
What are the advantages of double entry system?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.