Hi,
I sell a product for Rs.15000/- and gave a discount of 10%. Vat applicable is 1%
The Required Journal entry for Sales is
Party's account Dr 13,650
Discount account Dr 1,500
Sales account Cr 15000
Vat 1% account Cr 150
But i am getting, sales account crdited with 13500, any solution?
T&R
iyerchandra