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.

How do I pass entries towards advance paid to program ependiture. ex: Rs.20000 advance paid to Program officer. and he come back with program expenses venue Rs.1000, food expenses Rs.10000 and travel Rs.4000 and accommodation Rs.6000. Kindly give me the answer that how do I pass the entries and how should I adjust advance.

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