vat return

meibaker

Q:
cash book summay july aug sep total
to creditors 277514 286712 320912 885,138
to petty cash 1314 1177 1104 3595
to customs 14205 14205
total 293033 287889 322016 902938

receipts from customers 335011 326517 341208 1002736
surplus for month 41978 38628 19192
bal b/f -8712 33266 71894
bal c/f 33266 71894 91086

petty cash book summary
payments
distribution overheads 674 509 556 1739
admin overheads 451 500 387 1338
vat 189 168 161 518
total 1314 1177 1104 3595
receipts
from cash book 1314 1177 1104 3595
surplus for month 0 0 0 0
bal b/f 300 300 300
bal c/f 300 300 300


i know how to do vat return on sales and purchases day books, but add this just confused me, please someone tell me if i am right. thanks
my answers (exclude sales and purchase day books)
box 1 14025
box 4 518+131829( 885138x17.5/117.5=131839)
box 6 1002736+3595
box 7 885138+3595
box 8 0
box 9 0
any i right, please help. many thanks

mikes

From what i can make out on my copy of this question, your answers are ok apart form box 4, as you should not calculate vat on £885138 as this is a payment to creditors, which should be ignored, as per the tutorial. Finaly for box 7 you should only add up 1739 and 1338, as the VAT amount is already included for the first half of the VAT return.

I have only started looking at this, whilst doing the CMCC unit and sending off the mock test.

Best of luck.

meibaker

thanks for your help.