Concept of Tax Invoice and Retail Invoice and their Entres - Input Vat Admissability

Duties of Accountant

For Sales

Issue Connect types of Bill

For Purchase

If we want to take input t hen tax invoice required.

Questions:-

A Ltd Amount
Purchase 100000
Vat 5% 5000
Total 105000

Pass Entries if it is a Tax invoice

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Pass Entries if it is a Retail invoice

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If it is a Tax /  Retail Invoice:-

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  1. Accounts and Finance
  2. Accounts with Taxes
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .