Dear friends
Please suggest lbt entries on purchase of material and payment of lbt
regards
Milind deoghare
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5148 Points)
Replied 12 November 2014
Purchases ac/c Dr
Input Vat a/c Dr
Local Body Taxes a/c Dr
To Party a/c
To LBT Payable a/c
The at the time of payment of LBT
LBT Payable a/c Dr
To Bank / Cash a/c
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