Accounting entry

pass a credit for that....

PARTY'S A/C              DR.

           TO PURCHASE OR PURCHASE RETURN A/C

           TO VAT ON PURCHASE

              (BEING GOOD RETURNED)  

AS SAME FIGURES , WHEN YOU PURCHASE, MEANS THIS IS REVERSAL ENTRY OF PURCHASE OF GOODS .

AT THE TIME OF SUBMITTING RETURN INPUT VAT REDUCE WITH THE SAME AMOUNT OF VAT AUTOMATICALLY. 

   PLEASE REPLY IF YOU SATISFY