What will be the Journal Entry for this?
Purchases goods from vendor worth Rs.20000.VAT included 4%.
Answer Posted / priya
Purchase A/c Dr 19231
Input vat@4%A/c Dr 769
To VendorA/c 20000
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Tell me what is the abbreviation for the accounting terms debit and credit?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
What information do you require before you approve an invoice for payment?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Tell me in accounting, vat abbreviates what?
Tell me what is project implementation?
Who owns the general ledger?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
what is gl a/c? & why is it maintain
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Mention the types of ledgers?
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?