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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 considering the VAT rate is 18%.
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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