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6. Company purchased raw materials at 150.000 TL on account. The 18% VAT not included. The journal entry for this transaction: b) Dr. Accounts Pyable
6. Company purchased raw materials at 150.000 TL on account. The 18% VAT not included. The journal entry for this transaction: b) Dr. Accounts Pyable 150.000: Dr. VAT Deductible 27.000: Cr. Raw Materials 177,000. Dr. Raw Materials 150,000: Dr. Var Deductible 27,000: Cr. Accounts Payable 177,000. Dr. Accounts Payable 177.000: Cr. Var Deductible 27,000: Cr. Raw Materials 150.000 Dr. Raw Materials 177.000: Cr. VAT Deductible 27.000: Cr. Accounts Payable 150,000. Dr. Raw Materials 150.000: Dr. VAT Deductible 27.000: Cr. Cash 177,000. d) e)
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