Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During the quarter ended 31 December 2019, Riddick makes purchases of office supplies for his business of 5,700 and incurred business expenses 420. His sales
During the quarter ended 31 December 2019, Riddick makes purchases of office supplies for his business of 5,700 and incurred business expenses 420. His sales for the period are 35,250. All figures are exclusive of value added tax and standard rated.
What is Riddicks net VAT payable for the quarter ended 31 December 2019?
7,050
1,224
5,875
5,826
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started