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...

How to pass journal entry for vat return entry

Answer Posted / mohd sameer

in purchase case.purchase always debit.and payment by cash
so cash credit.and input vat credit...


purchase a/c dr
To cash/bank
To input vat.

case of sales

cash a/c dr
output vat a/c dr
to sales

Is This Answer Correct ?    2 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between cash flow and funds flow

2174


duties of bank finance manager

2147


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1981


How shall I calculate the true profit of my business, as I am a layman for accounting.

2004


Short answer on Amalgamation

2258


Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me

2126


Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

1338


distinquish between liquidity ratio and asset management ratio

1962


what happens to each of the three primary financial statements when gross margin decreases?

1971


what are the accounting ratios

2390


Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

1961


Can i make invoice when my client apply for TIN Number ?

2069


what is joint venture?

2060


Distinguish capital and revenue expenditure

2026


how to maintain stock if any entry mismatch pllzz tell me short cut

1475