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Ahmed [retailer] buys a machinery from the wholesaler at OMR 2000 and the Ali [wholesaler] charges a sales tax at the rate prescribed rate of
Ahmed [retailer] buys a machinery from the wholesaler at OMR 2000 and the Ali [wholesaler] charges a sales tax at the rate prescribed rate of 8%. The retailer sold the same machinery to Khalifa [customer] at OMR 2500 and charges sales tax at 11%. Apply VAT system of sales tax. Find the output tax for the wholesaler ..
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
