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Value Added Tax Assignment

1) Mr.Raj Starts Business with Cash Rs.10,00,000.
2) He Deposits Rs.25,000 in SBI Bank.
3) He Purchases Goods on Credit From Mr.Salman:a) 500 Cabinets @ Rs.190
b) 500 Mouse @ Rs.135
c) 500 Keyboards @ Rs.145
d) 500 RAM @ Rs.450 With 4% VAT & Stored Goods in Chandni Chowk Godown.
4) He Purchases Goods on Credit From Mr.Amir:a) 500 Pendrives 2GB @ Rs.310
b) 500 Pendrives 4GB @ Rs.410
c) 500 Pendrives 8GB @ Rs.750 With 12.5% VAT & Stored Goods in Asaf Ali Road
5)
6)
7)
8)

Godown.
He Takes Loan From ICICI Bank Rs.3,00,000 in Cash.
He Takes Loan From A Friend (Mr.Saif) Rs.2,00,000 in Cash.
He Deposits Rs.2,00,000 in SBI Bank.
He Purchases Goods on Credit From Mr.Anil:a) 1000 Pcs Blank CD of Moserbaer @ Rs.7
b) 1000 Pcs Blank CD of Writex @ Rs.6.50
c) 1000 Pcs Blank CD of Sony @ Rs.8 With 12.5% VAT & Stored Goods in

Chandni Chowk Godown.

9) He Purchases Goods on Credit From Mr.Sachin:a) 100 Amkette Floppy @ Rs.80 With 4% VAT
b) 100 Sony Floppy @ Rs.95 With 12.5% VAT
c) 100 Imation Floppy @ Rs.85 With 4% VAT
With Defined VAT on each item & Stored Goods in Asaf Ali Road Godown.
10)
He Paid Rent Rs.3,000 By Cash.
11)
He Paid Salary Rs.5,000 By SBI Bank.
12)
He Returns Goods To Mr.Amir:a) 100 Pendrives 2GB @ Rs.310
b) 50 Pendrives 4GB @ Rs.410
c) 25 Pendrives 8GB @ Rs.750 With 12.5% VAT From Stored Godowns.
13)
He Paid Electricity Expenses Rs.2,500 By Cash.
14)
He Paid All Due Amount of Mr.Salman By Cash.
15)
He Paid 98% Amount of Mr.Amir By Cash & Remaining Treated as Discount.
16)
He Sales Goods on Credit to Mr.Samir:a) 400 Pendrives 2GB @ Rs.325
b) 450 Pendrives 4GB @ Rs.425
c) 475 Pendrives 8GB @ Rs.750 With 12.5% VAT From Stored Godowns.
17)
He received all due Amounts From Mr.Samir in Cash.
18)
He Sales Goods in Cash to Mr.Ram:a) 100 Amkette Floppy @ Rs.85 With 4% VAT From Stored Godowns.
19)
He Sales Goods on Credit to Mr.Ali:a) 100 Sony Floppy @ Rs.100 With 12.5% VAT
b) 100 Imation Floppy @ Rs.90 With 4% VAT
With Defined VAT From Stored Godowns.
20)
He Paid All Due Amount of Mr.Sachin By SBI Bank.
21)
He Deposits Rs.2,00,000 in SBI Bank.
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22)
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He Paid Conveyance Expenses Rs.195 By Cash.

He Paid Courier Expenses Rs.600 By Cash.
He Paid Commission 6% on Rs.20,000 By Cash.
Bank Charges Rs.350 For Issuing 10 Cheques Book.
He Received 95% Amount From Mr.Ali by Cheque No.121232 & Remaining

Treated as Bad Debts.

27)
He Purchase Furniture of Rs.2,50,000 By Cash.
28)
He Paid All Due Amount of Mr.Anil By Cash.
29)
Charge Depriciation on Furniture @ 15% P.A.
30)
He Paid Rs 1,00,000 to Mr.Saif By Cash.

Match The Following:Cash.Rs.2,53,058.12

SBI BankRs.4,11,382
Godown Wise Details:Asaf Ali Road..Nil
Chandni Chowk.Rs.4,81,500

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