...
Account | Debit | Credit |
|---|---|---|
Inventory Received Not Billed* | 3 500 | |
Tax Agency Settlement | 3 500 | |
VAT Purchase | 16 202 | |
VAT Sales | 16 202 |
...
Account | Debit | Credit |
|---|---|---|
Inventory Received Not Billed* | 66 912 | |
Accounts Payable | 66 912 |
...
Account | Debit | Credit |
|---|---|---|
Inventory (Asset) | 70 412 | |
Inventory Received Not Billed* | 70 412 |
This will be posted through item receipt transaction.
The amount should be adjusted by the tax duty.