Interested to Buy Any Domain ? << Click Here >> for more details...
Please tell me jurnal entries for input vat and output vat?
- 1 Answers
- 4369 Views
- I also Faced
- E-Mail Answers
Answer Posted / rabindra nayak
For example
vat out put 5% 1500/-
vat in put 5% 300/-
Journal enteritis of vat input & out put
vat out put 5% A/c 300/- DR
vat in put 5% A/c 3000/- Cr
so our vat out put now 1200/-
VAT Out Put always Credit Balance & Vat input always Debit
balance.
| Is This Answer Correct ? | 5 Yes | 5 No |
Post New Answer View All Answers
Pls let me know Job profile for Account Manager.
How can you made payment when bill come from vendor, what is the bills have you check.
How do you add/remove a payment block for particular invoice ?
what is different between leaser of subsidary book and journal?
Tell me did you use accounting applications at your previous companies or prefer working manually?
Define a company's payable cycle?
How is the accounting for hire purchase transactions done?
Explain in simple terms what is the difference between asset, equity, and liabilities?
How do you prepare mis reports?
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
what are voucher entries for EPF treatment in tally
Tell me what is project implementation?
What is control in accounting?
is it related to b.com syllabus or puc syllabus
List the type of transactions entered in journal proper.
