05 December 2016
1) 26-6-16= Aman Motors purchased Vertical Honing Machine at Rs. 1872000 ivAT 09 4%) from Susmit& Son's. Vide bill no. SS-022. On 26-5-09 Tax author. ities allowed a tax credit of Rs. 60000 to be set off in 12 monthly instal- ments Hint: Enter the above entry in three transactions, first capitalize the full value in purchase voucher then pass a journal entry for the input credit allowed and finally pass a journal entry for claiming the instalment for the month.
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