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please help? previous answer given by chegg was not clear. Q.4.3 Argon Traders is a business located in Centurion. Argon Traders is a registered VAT
please help? previous answer given by chegg was not clear.
Q.4.3 Argon Traders is a business located in Centurion. Argon Traders is a registered VAT vendor and trades only with registered VAT vendors that can provide tax invoices. The business charges 15% VAT on all its sales. All amounts are inclusive of VAT, unless VAT is not applicable. Argon Traders sells good for cash and on credit. Transaction 1: On the 1st of March 2022 Argon Traders sold goods for 15000 excluding VAT) on credit to Mr Neon. Goods are marked up 20% on cost The Independent Institute of Education (Pty) Ltd 2023 23 Required: Record transaction 1 in the applicable general ledger accounts using the perpetual inventory system. You do not need to balance these accounts Step by Step Solution
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