Question: 6. Computation of Payable VAT During December 2008, Coco Ltd has delivered goods for 100,000 (VAT not included) and purchased goods and services for 150,000

6. Computation of Payable VAT During December 2008, Coco Ltd has delivered goods for €100,000 (VAT not included) and purchased goods and services for €150,000 (VAT not included) of which €20,000 are not tax deductible.

Determine the deductible VAT for December 2008 and write down the corresponding accounting entries.

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