Question
Question Mr. A is a VAT vendor and sells goods to Mr. B for 3,510. Mr. A originally purchased these goods from a VAT vendor
Question Mr. A is a VAT vendor and sells goods to Mr. B for 3,510. Mr. A originally purchased these goods from a VAT vendor for 1,755. Bearing in mind that the marked price would have included 17% VAT.
Required: Record the related journal entries in Mr. A's ledger.
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Research On Professional Responsibility And Ethics In Accounting Volume 21
Authors: Cynthia Jeffrey
1st Edition
1787549739, 9781787549739
