Showing posts with label journal entry for vatable sale to government. Show all posts
Showing posts with label journal entry for vatable sale to government. Show all posts

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