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VAT from sales is 300 TL and VAT from purchases is 200 TL. After closing VAT accounts, this company has: A credit balance in VAT
VAT from sales is 300 TL and VAT from purchases is 200 TL. After closing VAT accounts, this company has: A credit balance in VAT Received A debit balance in VAT Deferred A debit balance in VAT Deductible A credit balance in VAT Payable
VAT from sales is 300 TL and VAT from purchases is 200 TL. After closing VAT accounts, this company has:
A credit balance in VAT Received
A debit balance in VAT Deferred
A debit balance in VAT Deductible
A credit balance in VAT Payable
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