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There were no opening stocks at the beginning of the month and what is purchased is all sold during the month. Required: Establish the VAT
There were no opening stocks at the beginning of the month and what is purchased is all sold during the month.
Required:
Establish the VAT payable/claimable by DELTA Company Ltd assuming that the sales figures are VAT exclusive while purchases figures are VAT inclusive
The following purchases and sales were made by DELTA Co. Ltd, VAT No. U023Z, during the month of March 2022Step by Step Solution
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