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VAT Registered General Journal Example

This document is a general journal for a VAT registered demo account as of January 31, 2022. It shows a series of entries made between January 7-10 to transfer balances from a deferred input VAT account to a regular input VAT account, with corresponding debits and credits between the two accounts. It also includes two entries on January 9 to record prepaid tax from creditable certificates through accounts receivable.

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Lyra Ivy Manaligod
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41 views3 pages

VAT Registered General Journal Example

This document is a general journal for a VAT registered demo account as of January 31, 2022. It shows a series of entries made between January 7-10 to transfer balances from a deferred input VAT account to a regular input VAT account, with corresponding debits and credits between the two accounts. It also includes two entries on January 9 to record prepaid tax from creditable certificates through accounts receivable.

Uploaded by

Lyra Ivy Manaligod
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Vat Registered Demo Account

General Journal
As of January 31, 2022
GL Date Reference
1/25/2022 Testing Voucher 1
1/25/2022 Testing Voucher 1
1/7/2022 To transfer balance of deferred input tax to regular input tax | 00001
1/7/2022 To transfer balance of deferred input tax to regular input tax | 00001
1/14/2022 To transfer balance of deferred input tax to regular input tax | 123123
1/14/2022 To transfer balance of deferred input tax to regular input tax | 123123
1/9/2022 To transfer balance of deferred input tax to regular input tax | 91231
1/9/2022 To transfer balance of deferred input tax to regular input tax | 91231
1/8/2022 To transfer balance of deferred input tax to regular input tax | 00123
1/8/2022 To transfer balance of deferred input tax to regular input tax | 00123
1/8/2022 To transfer balance of deferred input tax to regular input tax | 0001
1/8/2022 To transfer balance of deferred input tax to regular input tax | 0001
1/9/2022 To transfer balance of deferred input tax to regular input tax | 0001A
1/9/2022 To transfer balance of deferred input tax to regular input tax | 0001A
1/9/2022 To transfer balance of deferred input tax to regular input tax | 0001AB
1/9/2022 To transfer balance of deferred input tax to regular input tax | 0001AB
1/9/2022 2307 Creditable Certificate | 01/09/2022
1/9/2022 2307 Creditable Certificate | 01/09/2022
1/10/2022 To transfer balance of deferred input tax to regular input tax | OR#11000
1/10/2022 To transfer balance of deferred input tax to regular input tax | OR#11000
Account Debit Credit
Input Value Added Tax (192) 535.71 0
Deferred Input VAT (191) 0 535.71
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200
Input Value Added Tax (192) 1178.5714 0
Deferred Input VAT (191) 0 1178.5714
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200
Prepaid Tax (193) 1,000.00 0
Accounts Receivable (120) 0 1,000.00
Input Value Added Tax (192) 1200 0
Deferred Input VAT (191) 0 1200

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