Sale value

This query is : Resolved

CA Mahesh Gurjar (Querist)
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11 December 2009 Dear Experts

A Sale of a Company Rs. 110000(including Rs. 10000 of Output vat)

Please tell me in above case how much amount show in Sale a/c

A Purchases of Company Rs. 100000(including Rs. 10000 of Input vat)

Please tell me in above case how much amount show in Purchase a/c and Profit and Loss a/c

and How much amount will debit in Indirect Expense as a expenses

Regards
Mahesh Gurjar

Ram Avtar Singh

Ram Avtar Singh (Expert)
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11 December 2009 Sale and purchase both 100000 lakh
input vat set of by out put vat

all exps accured actulal shoud be accounted.
in your case No profit & No Loss
No. Exps.
No Income.