Please Write Journal Entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2010 Material Purchased Gross 500000

Including

Excise 10000
ED Cess 200
SHE 100
CEntral SAle Tax 50
frieght 100



08 July 2010
Inventory/RM A/c Dr 489700

Excise Recoverable A/c Dr 10000
Edu Cess Recoverable A/c Dr 200
SHE Recoverable A/c Dr 100

To Sundry Creditor A/c 500000

I am keeping this open for further opinion.

08 July 2010 It seems the above entry is correct


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2010 Purchase A/c (RM) Dr 489700
Excise Recoverable Dr 10000
Ed Cess Recov Dr 200
SHE Cess Recov Dr 100


To Creditord/Suppliers 500000



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