Interested to Buy Any Domain ? << Click Here >> for more details...
What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
- 28 Answers
- 38728 Views
- Ernst Young, I also Faced
- E-Mail Answers
Answer Posted / anchit saxena
hello viewers, actually this entry is related to credit
purchase so the entry will be pass:-
PURCHASE A/C DR. 19,200
INPUT VAT 4% A/C DR. 800
TO VENDOR A/C 20,000
| Is This Answer Correct ? | 18 Yes | 6 No |
Post New Answer View All Answers
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
Tell me what is working capital?
Explain me what is assets minus liabilities?
when & how interest on unsecured loan is calculated?
What is fractional code and how can i get a fractional code for a particular account?
Into which account do we close the revaluation account balance during the winding up of a company?
What are the different types of gst?
Why company issue shares at discount as its a loss ?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
What is BRS Adjustment entry?
What information is included in a bill for services?
What is aggregate Liabilities ?
What is the disadvantage of double entry system?
what is retention? how caculate on asset
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
