Gst journal entry is same as vat journal entry or changes is their ?
As in Interview how to reply the journal entry queries.
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Journal entry
Replies (6)
Depending upon the maintenance of books of accounts and software, as per accounting treatment its same, now days all entry even relate to the expenses are recorded under Purchase in tally, in SAP as usual goods in or sirvice in
Answer/ make journal entry as per the accounting rules.
Is the journal entry same as vat ?
this is my question.
Sir, kindly read the changes which came into effect after Gst.
this is my question.
Sir, kindly read the changes which came into effect after Gst.
It is not similar but cant apply all the same rules of vat with gst for Passing journal entry.
Fundamental of Accounts cannot be changed , so its only Head /Name of Account can be change but not Passing of accounting entries
Agreed with Shri Pankaj Rawat
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