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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
View AnswerTax Invoice:-
Purchase 5% local 100000
Input Vat 5% 5000
To A Ltd 105000
Pass Entries if it is a Retail invoice
View AnswerRetail Invoice:-
Purchase local Against retail 105000
To A Ltd 105000
If it is a Tax / Retail Invoice:-
View AnswerIf Tin number mentioned, then entries likeTax Invoice
Purchase 5% local 100000
Input Vat 5% 5000
To A Ltd 105000
If Tin number not mentioned, then entries like Retail Invoice
Purchase local Against retail 105000
To A Ltd 105000
