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On 1 March 2020, B. Cox, Middle Road, Paisley, a VAT-registered business, sold the following goods on credit to T. Ross, 24 Peter Street,
On 1 March 2020, B. Cox, Middle Road, Paisley, a VAT-registered business, sold the following goods on credit to T. Ross, 24 Peter Street, Loughborough, Order No. 9841: 20,000 Coils Sealing Tape 40,000 Sheets Bank A5 24,000 Sheets Bank A4 @6.70 per 1,000 coils @5.20 per 1,000 sheets @9.00 per 1,000 sheets All goods are subject to VAT at 20%. (a) Prepare the sales invoice (the invoice number will be 4632). (b) Show the entries in the personal ledgers of B. Cox and T. Ross.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
