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The credit sales and purchases for the month of December 2021 in respect to Shield & Co were as follows: 2021 Net Vat 10%
The credit sales and purchases for the month of December 2021 in respect to Shield & Co were as follows: 2021 Net Vat 10% Gross Dec 1 Sales to L. Odinson 180 10 Purchases from S. Rogers Ltd 20 Sales to T. Stark 90 410 31 Purchases from Vision Associates 150 Requirement: a. Calculate the Vat amount and the Gross amount b. Write up all the relevant books and ledger accounts for the month
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