Vat

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Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2013 what is the journal entry for vat amount to be paid in next accounting period?

ACS Gaurav Jain (Expert)
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05 September 2013 U have to create provision last year on 31.03.2013.

and next year

Vat Payable A/C dr.

To Bank/cash/ Cr.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2013 thanks but i want to know the journal entry to create this provision.

ACS Gaurav Jain (Expert)
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05 September 2013 Depend on what accounting u follow. If u bookibg as exp than

Vat exp dr.

To vat payable cr.

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