Accounting entry as per as and taxation
This query is : Resolved
08 May 2015
transaction is telephone wire purchased 1160 vat14% 163 - total 1323 from balwant store
Which is the correct entry for the entity. If the entity is in the goods sell category and avails inputvat.
1 office R & M 1160 input vat 163 TO Balwant store 1323
2 office R & M 1323 TO Balwant store 1323
Which is the correct entry for the entity. If the entity is in the goods sell category and avails inputvat.
1 office R & M 1160 input vat 163 TO Balwant store 1323
2 office R & M 1323 TO Balwant store 1323
08 May 2015
1. wil b correct dear
08 May 2015
BUT SIR THE TELEPHONE exp is for administrative use
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