d2.cna-qatar.edu.ga 0 Quiz VAT & Qatari Taxation Est. Length: 1:30:00 Time Taken:0:01:11 Ahmad Deeb: Attempt 1 Question 1 (12 points) CAL Company is a manufacturer. CAL produces and sells inventory to YHZ Company for QAR 90,000 plus VAT. YHZ Company is a wholesaler and re-sells the inventory to a retailer - NL Company for QAR 110,000, plus VAT. NL Company sells the inventory to the general public for a total of QAR 135,000, plus VAT. Assume a VAT rate of 14%. Complete the required journal entries for CAL Co., YHZ Co. and NL Co. below. Debits should be show with DR before the account name Credits should be shown with CR before the account name Question 2 (1 point) To depreciate an asset for tax purposes in Qatar the tax payer must own the asset and it must be used to generate income