I did purchase vouchers for 12.5 and 4 %.
The entries were:
Purchase -4% a/c dr
Input -4% a/c dr
cess (1% of input value) a/c dr
To sundry creditor
Similarly for 12.5%
Purchase a/c dr 12.5%
Input - 12.5% a/c dr
cess a/c dr (1%of input value)
To sundry creditors
To copy previous narration in the end, use Control + R.
The entries were:
Purchase -4% a/c dr
Input -4% a/c dr
cess (1% of input value) a/c dr
To sundry creditor
Similarly for 12.5%
Purchase a/c dr 12.5%
Input - 12.5% a/c dr
cess a/c dr (1%of input value)
To sundry creditors
To copy previous narration in the end, use Control + R.
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