I took printer from stock, previously I purchased this printer
for £60 plus Vat.
What entries do I need to put through the books?

Answer Posted / reddy

HI IAM REDDY -MOBILE- 9008343183. BANGALORE


1) PRINTER A/C Dr 60.00
VAT @ % A/C Dr **.00

TO SUPPLIER A/C (60 + VAT AMOUNT)

(BEAING PRINTER PURCHASED FROM --/BILL NO:)

2) SUPPLIER A/C Dr (60 + VAT AMOUNT)

TO CASH/BANK A/C "

(BEAING CASH PAID TO SUPPLIER)

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.

1870


what is t code of all expences general legder?

1736


what are voucher entries for EPF treatment in tally

1799


how to treat investment fluctuation fund in case of death of a partner

2011


Were i have to enter for agreements in tally and in which ledger it will come

1398






Pls tell me the basic rules of accounts for interview in finanace or accounts section

1932


What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.

34573


Scope and nature of Accounting

1795


Differentiate public and private accounting?

794


what is book building

1922


Differentiate between consignor and consignee?

831


In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

1967


what is "goodwill" reserve and surplus and reserve with example

1755


What is your greatest achievement and why?

720


How do you handle rejection?

807