Account 5723 — Output VAT · debit/credit guide
An example from the initial SEVODOC chart of accounts. An accountant must review the company’s actual chart and transaction.
| Account code | 5723 |
|---|---|
| Name | Output VAT |
| Type | Liability |
| System role | Output VAT |
| Normal increase side | Credit (C) |
| Normal decrease side | Debit (D) |
Debit and credit totals must balance. The account alone does not determine VAT or CIT treatment; select the corresponding account from the supporting document.
Original Latvian chart name: Aprēķinātais PVN
Common questions
Is this account number mandatory for every company?
No. This is an initial SEVODOC example; a company’s approved chart may differ.
Does this page post a journal entry?
No. The public page reads only the program’s initial dictionary and creates no customer journal.
Does a balanced entry prove correct tax treatment?
No. Balancing debits and credits does not verify transaction facts or taxation.