EASYOFFICE
EASYOFFICE

VAT ACCOUNTING

This query is : Resolved 

Profile Image

Guest

Profile Image

Guest (Querist)
30 June 2010 WHAT ENTRY SHOULD BE PASSED FOR SET OFF INPUT/OUTPUT TAX PAYABLE,AND WHEN ACTUAL PAYMENT IS MADE THEN WHAT ENTRY SHOULD BE PASSED?

30 June 2010 You can create one ledger for VAT payment, the out put vat and input vat every month you trasnfer to that ledger while setoff , the differnce you debit while making payment the same ledger

30 June 2010
AT THE END OF THE MONTH YOU CAN PASS THE FOLLOWING ENTRY.
VAT OUTPUT......................DR
TO, VAT INPUT
TO, BANK




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries