Cash purchase Entry
This query is : Resolved
20 August 2009
I eant to know If I purchase some material with VAT It means If Gross Inv. value is Rs.100/- & 4% is VAT Rs.4/- & Inv. Value is Rs.104/-
Then What is the Journal Entry passed in Tally.
Then What is the Journal Entry passed in Tally.
20 August 2009
On Assumption that u r eligible for VAT input,
Goods a/c Dr
Input VAT A/c Dr
To Party A/c
Goods a/c Dr
Input VAT A/c Dr
To Party A/c
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