Tally erp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2012
adjustment entry
output vat 15000
input vat 4500
inki entry tally me kasi hogi
payment ya journal voucher me hogi
output vat 15000
input vat 4500
inki entry tally me kasi hogi
payment ya journal voucher me hogi
31 May 2012
Your output VAT exceeds the input. So you have to make payment for the difference.
Use payment voucher and entry will be as under:
Output VAT 15,000
To Input VAT 4,500
To Bank 10,500
Use payment voucher and entry will be as under:
Output VAT 15,000
To Input VAT 4,500
To Bank 10,500
CA. RICHI SAXENA
(Expert)
31 May 2012
You should use a journal entry first of all:
Output VAT 15,000
To Input VAT 4,500
To VAT payable 10,500
VAT Payable should be grouped under Current Liability.
And then make payment entry :
VAT payable 10,500
To Bank/Cash 10,500
CA.Richi Saxena
Output VAT 15,000
To Input VAT 4,500
To VAT payable 10,500
VAT Payable should be grouped under Current Liability.
And then make payment entry :
VAT payable 10,500
To Bank/Cash 10,500
CA.Richi Saxena
Message likes :
1 times
CA CS Pawan Jajoo
(Expert)
01 June 2012
Agreed with CA Richi saxena
CA. RICHI SAXENA
(Expert)
01 June 2012
Thankyou Pawan Sir.
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