[Type text]Value Added Tax Assignment1) 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.190b) 500 Mouse @ Rs.135c) 500 Keyboards @ Rs.145d) 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.310b) 500 Pendrives 4GB @ Rs.410c) 500 Pendrives 8GB @ Rs.750 With 12.5% VAT & Stored Goods in Asaf Ali Road Godown.5) He Takes Loan From ICICI Bank Rs.3,00,000 in Cash.6) He Takes Loan From A Friend (Mr.Saif) Rs.2,00,000 in Cash.7) He Deposits Rs.2,00,000 in SBI Bank.8) He Purchases Goods on Credit From Mr.Anil:-a) 1000 Pcs Blank CD of Moserbaer @ Rs.7b) 1000 Pcs Blank CD of Writex @ Rs.6.50c) 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% VATb) 100 Sony Floppy @ Rs.95 With 12.5% VATc) 100 Imation Floppy @ Rs.85 With 4% VATWith 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.310b) 50 Pendrives 4GB @ Rs.410c) 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.325b) 450 Pendrives 4GB @ Rs.425c) 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% VATb) 100 Imation Floppy @ Rs.90 With 4% VATWith 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.22) He Paid Conveyance Expenses Rs.195 By Cash.23) He Paid Courier Expenses Rs.600 By Cash.24) He Paid Commission 6% on Rs.20,000 By Cash.25) Bank Charges Rs.350 For Issuing 10 Cheques Book.26) 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.2,53,058.12SBI BankRs.4,11,382

Godown Wise Details:-Asaf Ali Road..NilChandni Chowk.Rs.4,81,500

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