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 .

Amol S Joglekar

Amol S Joglekar (Expert)
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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.

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