VAT Setup using VAT Receivables , payable and settlement Accounts

I have checked my chart of accounts and in the COA i selected VAT Input account, VAT payable account.
I Dont undestand why the VAT Input account is showing Sales invoices and Payable account are showing PPI's.

My FM and me are puzzled. Please give me a understanding. Is this an error or somthing else?

Best Answer

Answers

  • mdhashmi999mdhashmi999 Member Posts: 21
    Yes, they are correct , actually they turned out to be some of the entries generated during test. and now it has been reversed, so i understood why some got mixed up. Thanks for the concern bdw.
Sign In or Register to comment.