EXAMPLE
Transportation Cost= 10,000 TL
Calculated VAT (%20)= 2,000 TL
Withheld VAT 2/10= 400 TL
VAT to be collected= 1,600 TL
Invoice total= 11,600 TL
Accounting record example of the buyer company that issues the return invoice to the seller
______________________ / ______________________
320 (B) 11,600 TL
770 (A) 10,000 TL
391 (A) 1,600 TL
______________________ / ______________________
Accounting record example of the seller company that receives the return invoice from the buyer example
______________________ / ______________________
610 (B) 10,000 TL
191 (B) 1,600 TL
120 (A) 11,600 TL
______________________ / ______________________
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