Accounting entry as per as and taxation

This query is : Resolved 

08 May 2015 transaction is telephone wire purchased 1160 vat14% 163 - total 1323 from balwant store

Which is the correct entry for the entity. If the entity is in the goods sell category and avails inputvat.

1 office R & M 1160 input vat 163 TO Balwant store 1323

2 office R & M 1323 TO Balwant store 1323

08 May 2015 1. wil b correct dear


08 May 2015 BUT SIR THE TELEPHONE exp is for administrative use




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