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
- 38471 Views
- Ernst Young, I also Faced
- E-Mail Answers
Answer Posted / anchit saxena
hello viewers, i m sorry to say actually i was also posted
wrong entry for this question due to confusion bt now i
rectify to this entry-
PURCHASE A/C DR. 20,000
INPUT VAT 4% A/C DR. 800
TO CASH A/C 20,800
BEING AMOUNT PAID TO THE VENDOR WITH 4% VAT FOR PURCHASED
GOODS.
| Is This Answer Correct ? | 1 Yes | 4 No |
Post New Answer View All Answers
how will rectify the error in trial balance.
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
service tax calculated on agreement value or market value whichver is higher for builders?
what is inter-company transaction? what is Inter-Branch transaction?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
What is journalizing? What are the columns of a journal?
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
how pass journal entry in the month ending for input vat and out put vat
what is the head for stock trnasfer
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Tell me entries to revenues accounts such as service revenues are usually?
How do you build a successful business relationship?
