Check sibling questions

Q4

B LTD   G LTD
Purchase 80000   Office Stationary 8000
vat 5% 4000   vat 5% 400
  84000     8400

 

X LTD
Sale 130000
vat 5% 6500
  136500

What is Vat Payable?

 -a-

Particulars Amount
Output Vat 6500
Less  
Input Vat 4000
Vat Payable 2500

No Input of Office Expenses for Vat Dealers

Input is available only of those items which we use for selling,not of expenses incurred in office

If we were Stationary Shop,we will get input of same

Davneet Singh's photo - Teacher, Engineer, Marketer

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.