Regarding consumable


31 March 2015 WE HAVE PURCHASED SOME PAINT AND USED THAT PAINT IN BODY SHOP IN CAR REPAIRING . SO HOW WE WILL DO THIER PURCHASE ENTRY AS CONSUMABLE AND AFTER THAT HOW TO ADJUST IN BOOKS OF A/C AT END OF YEAR

31 March 2015 Purchases time entry
Consumable Inventory Dr
To Vendor

consumption time entry
Consumption Dr
To Consumable inventory

17 April 2015 SO CAN WE TAKE VAT INPUT ON THIS BILLS.




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