Answer / shyam

Calculate how much collect vat like...50 Lakhs
calculate how much payable vat like...25 Lakhs

NOW paid 25 lakhs.

here collect means selling goods.. and payable means pur.,

payable are more than collected then refunded.state gov.,


if good sold out of state cst collected..and paid central
government.

prepare theree column cash book from the following details on 3/2/06 1 balance (in hand) in the beginning 25,000. 2 recived chaque from x worth 5,000 3 deposited the same cheque into bank on next day 4 deposited 5000 into bank 5 withdrew 1,000 for personal use

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