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Inputvat on puchase and output vat sales entery

This query is : Resolved 
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(Querist)
30 September 2011 Dear Sir to all,

i wanna do vat entry in our a/c. can i do entry in our a/c plz tell me and tell me with reason.
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ACMA Obulirajan R

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ACMA Obulirajan R (Expert)
30 September 2011 When you Purchase:-

Dr COGS/Purchase 10000
Dr Input VAT 100
Cr Vendor 10100

When you sell:-

Dr Customer A/c 10100
Cr Output VAT 100
Cr Sales A/c 10000

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