Purchase entry
This query is : Open
dave sunil d.
(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
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
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
input (ST) tax a/c..dr
to creditor a/c
even purchase a/c or cement purchase a/c is fine
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
CA Pooja Agarwal
(Expert)
29 October 2012
its right......
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