In the double entry if you pay by check and you have vat added where do you put the debit and credit with the vat? Thanks
by Sharon
(UK)
Hello
If a customer has rec'd cash of say £500 (cash sales) do you deduct the VAT amount from this or add it on, also do you only quote the net amount into the relevant ledger or the gross? Thanks
by Satish
(Nagpur)
I want to know how to make Accounting entry of Vat of Subcontractor work done bill in construction company in India
I'm doing a spreadsheet and I would like to know
how to record:
. vat clearing &
. business levy
in the financial statements???
Please help, My director books his personal air tickets via the company accounts , can I claim the vat on these invoices or should the entire invoice amount be for the loan account?
by Margaret
(Limerick)
Hello.
I am writing a cheque as a refund to a customer. Can I claim vat back on this cheque payment as I would have paid the full vat on origional sales invoice?
Thank you.
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by ashu_d21@rediff.com
(pune Maharashtra India )
Can we take vat set off on purchase of 1st quarter in 2nd quarter?
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