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Question 1: Briefly discuss VAT. What is output and input VAT? Give some examples of adjustment of claiming input VAT. Question 2: What is the

Question 1: Briefly discuss VAT. What is output and input VAT? Give some examples of adjustment of claiming input VAT.

Question 2: What is the agency problem? How this problem occurs and how to address this agency problem? Give some practical real-life examples of agency problem.

answer 1&2

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