Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2015
Vat paid 100000/- and CST adjestment 200000/- and vat edjestment 50000/
How to entry passed
This question is faced and interview.
please clarify my problem .
How to entry passed
This question is faced and interview.
please clarify my problem .
Amol S Joglekar
(Expert)
07 August 2015
2 separate groups are created
01. collectible or collected say vat or cst
02. payable or paid say vat or cst.
depending upon the volume of transactions, sub groups are also created RATEWISE.
the entries are accordingly passed. Given a specific transaction of PURCHASE will clarify the concept better.
01. collectible or collected say vat or cst
02. payable or paid say vat or cst.
depending upon the volume of transactions, sub groups are also created RATEWISE.
the entries are accordingly passed. Given a specific transaction of PURCHASE will clarify the concept better.
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