Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BDF limited as the following supplies: Supplies at standard rate $5,000,000 Supplies at Zero percent $3,000,00 Supplies at 25% $2,000,000 Exempt Supplies $5,000,000 The GCT

BDF limited as the following supplies: Supplies at standard rate $5,000,000 Supplies at Zero percent $3,000,00 Supplies at 25% $2,000,000 Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? a. BDF limited taxable supplies is $7,000,000. The company is not required to register O b. for VAT BDF limited total supplies is $15,000,000. The company is required to register for O c. VAT. BDF limited taxable has exempt supplies. The company is not required to register d. for VAT. BDF limited total supplies is $9,000,000. The company is required to register for VAT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems Controls And Processes

Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland

4th Edition

1119577810, 9781119577812

More Books

Students also viewed these Accounting questions

Question

Demonstrate how to monitor and control budgetary performance.

Answered: 1 week ago

Question

Explain the relationship between thoughts, feelings, and actions.

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago

Question

3. What is my goal?

Answered: 1 week ago