suppose we have purchse goods in advance amounting Rs 9,500 and Rs.500 discount as on 29 march 2012, and paid cash as on 5 april 2012. now how will i pass journal entry in my books for 2011-12 and for 2012-2013 including vat. i want journal entries. please tell me according to matching principle and revenue recognition principal..... pls tell me journal entries with date.
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