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Purchase entry

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(Querist)
29 October 2012 sir
we are constuction co.build a commercial complex in south gujarat i want to know about mentined below
how to pass entry of cement purchase(1)create purchase a/c 12.5% or cement purchase a/c under purchase a/c please explain details i want to know deeply
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
29 October 2012 raw materials(cement) a/c dr
input (ST) tax a/c..dr
to creditor a/c



even purchase a/c or cement purchase a/c is fine
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dave sunil d.

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dave sunil d. (Querist)
29 October 2012 but i am create purchase a/c 12.5% , purchase a/c 4% , it there right or wrong as per accounting rules
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
29 October 2012 its right......
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