Interested to Buy Any Domain ? << Click Here >> for more details...
purchase rice 2 bags rs.7500 and vat charges @5%
what is the answer...
- 8 Answers
- 12511 Views
- Accenture, I also Faced
- E-Mail Answers
Answer Posted / neelaiahgari manjunath
Dear friends
Vat is add to original cost to the good or item
2 bags rice purchase 15000/- each bag buying 7500 vat@5%,
15000*2/100=750
ledger entry
purchase a/c dr 15000/-
vat taxa/c dr 750
to, cash a/c 15750/-
(being rice bags purchase towards tax )
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what is the meaning of banking
what is one way , two way matching , three way , four way matching ?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
what is consignment entry?
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
What is a ledger in regards to accounting?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
How to pass an general entry for materials which are stored in warehouses??????
How can you define departmental accounting?
what is profit maximisation
What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.
Do you know what is the importance of team work in this position?
is it related to b.com syllabus or puc syllabus
