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Questions: 1. Prepare a sample question involving the purchase of goods including VAT, and do the journal entry. (15 points) 2. Prepare a sample
Questions: 1. Prepare a sample question involving the purchase of goods including VAT, and do the journal entry. (15 points) 2. Prepare a sample question involving the purchase of goods excluding VAT, and do the journal entry. (15 points) 3. Prepare a sample question involving the sale of goods including VAT, and do the journal entry. (15 points) 4. Prepare a sample question involving the purchase of goods excluding VAT, and do the journal entry. (15 points) 5. Prepare a sample question where the VAT to be paid as a result of the VAT declaration is excessive, and do a journal entry. (20 points) 6. Prepare a sample question where the VAT to be deferred as a result of the VAT declaration is excessive, and do a journal entry. (20 points)
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1 Sample Question Purchase of Goods Including VAT On January 1 Year 1 ABC Company purchased goods from XYZ Supplier for 10000 including 20 VAT The purchase was made on credit and the payment terms are ...Get Instant Access to Expert-Tailored Solutions
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