Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what journal entry pass in case of vat refundable and in case of vat payable?

Answer Posted / asha.ricky7

In case of vat payable:
output vat
Toinput vat
To vat payable

In case of vat refundable:
output vat
vat refundable
To input vat

Is This Answer Correct ?    10 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

under which ledger should i make opening work in progess and closing work in progress

2058


Have you ever made mis reports and what are they?

1037


How time sheets are maintained?

1127


describe the rule of garner vs murray and how it relates to the dissolution of a partnership

5385


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

2014


What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8756


What is creative accounting?

1190


i am normally accountant. i am not a CA. then i learn a account maintain

1830


WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?

2065


What are the elements of the accounting equation?

1087


GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

1514


Tell me do you think there is any difference between inactive and dormant accounts?

1078


Is buy or sale trade will impact on Nov? Yes/No Please explain.

1899


Please advise how to calculate net asset....

2363


When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.

2078