A, B & C are partners of ABC Agency (sold only Cement & steel)
"A" purchased fixed asset Computer (not a stock item)
ABC agency claimed GST ITC (IGST) on Computer...
What is accounting entry for the above
What ll be the purchase entry and what ll be the journal entry?
Menu
what is the journal entry for the below
Replies (3)
Computer A/c---------------------Dr
Input IGST A/c--------------------Dr
To Party A/c (If Purchase on credit)
or
To Bank A/c (If Purchase cash,)
PURCHASE AIC ...DR
INPPUTTAX AIC...DR
TO COMPURTE AIC ...CR
Recent Threads
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
Related Threads
CAclubindia
