Showing posts with label accounting for sales. Show all posts
Showing posts with label accounting for sales. Show all posts
Monday, December 21, 2015
Journal Entry for VAT Exempt Sale
The ff. are the Journal Entries for VAT Exempt Sale
dr Cash xxx
cr VAT Exempt Sale xxx
Monday, December 14, 2015
Journal Entry for VATable Sale To Goverment
The ff. are the Journal Entries for VATable Sales/Receipts - Government
dr Cash xxx
dr Creditable WHT xxx
dr VAT Withheld xxx
cr VATable Sales - Government xxx
cr VAT output xxx
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