29 April 2009
WE ARE NOT VAT REGISTERED BUT WE HAVE SALES TAX NO. OUR CREDITOR CHARGES US VAT @ 4% ON ELECTRONIC HARDWARE & COMPUTER ACCESSORIES GOODS.
WE PASS FOLLOWING ENTRY IN BOOK OF ACCOUNTS :
ELECTRONIC HARDWARE ITMS A/C DR. XXX TO SUNDRY CREDITORS A/C XXX
CAclubindia
