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
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by Sharon
(UK)
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
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by Satish
(Nagpur)
I want to know how to make Accounting entry of Vat of Subcontractor work done bill in construction company in India
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How can I accurately record VAT clearing and business levy in the financial statements while working on a spreadsheet?
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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?
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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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