Question: A company received invoice for materials (2000 items, 9.00 USD each) and for transportation 200 USD. VAT was calculated at 23%. Materials were delivered to

A company received invoice for materials (2000 items, 9.00 USD each) and for transportation 200 USD. VAT was calculated at 23%. Materials were delivered to a company.

Company measured materials with cost of purchase.

Prepare business transactions and present all suitable entries.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

*Recording transactions 3. On 03/12: Paid water expense of November to Bac Ninh Water supply JSC (Bank Account: 10006789098 at BIDV-Bac Ninh Branch, Tax code: 230110340, VAT invoice number 0001257,...

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

I need help with following questions from the homework. I have attached the chapters so please see the attached files to answer the following questions specifically. Ch 4 (p 176 of text or p 34 of...

hi. I'm stuck with a report whose Chic Paints Ltd. and I am finding difficulty to answer some questions such as the organisations accounting system requirements including hardware and software...

business law For the year ended 30 June 2012, the audit team included a manager, two supervisors, two qualified seniors and three trainees. This audit, which lasted approximately five weeks, was very...

Corporate Finance Course it's about Whole Foods purchase by Amazon. below are the questions need to be answered, also the documents are attached. QUESTIONS: 1.The investment thesis on AMZN has ALWAYS...

QUESTION 1 45 MARKS Ignore tax MPE Ltd ("MPE') manufactures medical grade personal protective equipment which includes a mask called a N95 respirator. The company has seen a healthy increase in...

QUESTION: WRITE EXECUTIVE SUMMARY FOR CUCINA LTD PROJECT 300 WORDS MSC Applied Research Project Cucina Ltd. Competitive advantage through data integrity Company History Cucina Ltd. is an Irish...

What are some similarities and differences between mediation, fact finding, and interest arbitration?

Sunland Electrical Products serves both residential and commercial clients. Annual financial information for Sunland is as follows: Sales Revenues Variable Costs Contribution Margin Fixed Costs...

The ratio of a client's monthly consumer debt payments to monthly net income should NOT exceed A ) 3 0 % . B ) 1 5 % . C ) 2 0 % . D ) 2 5 % .

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

1. How have the origins of the study of intercultural communication in the United States affected its present focus?

5. Identify three characteristics of the dialectical approach.

7. Identify six intercultural communication dialectics.