Question
The following are the details of Salems commercial transactions during the month of June of 2019: - - On 6/4, his merchandise was purchased on
The following are the details of Salems commercial transactions during the month of June of 2019: -
- On 6/4, his merchandise was purchased on the account at the amount of 250,000 ILS from the merchant Ahmed.
- On 7/6, half of the goods were exported to Jordan, with a value of 175,000 ILS received in cash.
- On 6/10, the cost of 100,000 ILS, at a value of 180,000, was sold to the Al-Falah Trading Establishment on the account.
- On 6/15, equipment worth 30,000 ILS was purchased on the account from a trustee for equipment.
-30/6 The depreciation on the equipment was calculated to date, as it was estimated at 4000 ILS.
If you know that the rate of value-added tax is 15%, and the rate of value-added tax on equipment is 10%, and on exports is 0%.
Required: Processing by using the invoice method?
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