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Example 1

A LTD
Purchase 40000
Vat 5% 2000
  42000

 

 XLTD
Sale 60000
vat 5% 3000
  63000

Pass Entries for Purchase and Sales

View Answer

 

Example 2

B LTD
Purchase 80000
Vat 12.5% 10000
  90000

 

Y LTD
Sale 60000
Vat 12.5% 7500
  67500

Pass Entries for Purchase and Sales

View Answer

 

  1. Accounts and Finance
  2. Accounts with Taxes
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About the Author

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 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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