Question
Gerrard Ltd is registered for VAT. In the month of April, it sells goods to customers for a total of 89,436 excluding VAT and purchases
Gerrard Ltd is registered for VAT. In the month of April, it sells goods to customers for a total of 89,436 excluding VAT and purchases goods from suppliers for a total of 86,790 including VAT.
What is the net amount shown in Gerrard Ltd's VAT account at the end of April?
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Fundamentals Of Oil And Gas Accounting
Authors: Rebecca A. Gallun, Ph.D. Wright, Charlotte J, Linda M. Nichols, John W. Stevenson
4th Edition
0878147934, 9780878147939
