VAT

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 March 2010 SUPPOSE OUTPUT TAX 3000
& INPUT TAX 1500. IN THIS CASE SIR VAT PAYABLE.

OUTPUT VAT A/C DR. 3000
TO INPUT VAT 1500
TO vAT PAYABLE 1500
SIR IS THIS ENTRY IS CORRECT. IF WRONG THAN SIR PLZ RIGHT ENTRY TELL ME.THANKS IN ADVANCE.

24 March 2010 its right



28 March 2010 yes above said entry is correct



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