(a) On 1 August 2017, a standard -rated supply is made with a value of 180. Calculate...
Question:
(a) On 1 August 2017, a standard -rated supply is made with a value of £180. Calculate the VAT charged and the consideration for the supply.
(b) On 2 January 2018 , a standard -rated supply is made for a consideration of £1,776. Calculate the VAT element and the value of the supply.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a The VAT charged is 3600 18...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Bakewall Ltd prepares annual financial statements to 31 December. On 1 August 2017 the company closed down one of its operations and classified the corresponding cash generating unit (CGU) as held...
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
Entity A purchased a property (Land and Building) for $5,000,000 on 1 July 2017. Entity A paid 60% by a cheque on 1 July 2017 and the balance was settled on 1 August 2017 through a bank transfer. The...
-
On August 31, 2014, Nina Herrera borrowed $5,000 from Second State Bank. Herrera signed a note payable, promising to pay the bank principal plus interest on August 31, 2015. The interest rate on the...
-
At what age do people get Multiple Sclerosis?
-
A highway department is studying the relationship between traffic flow and speed. The following model has been hypothesized. where The following data were collected during rush hour for six highways...
-
Explain contra entries with examples.
-
The charges to Work in Process?Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials...
-
1. When injecting reserves in the banking system through a repurchase agreement the Reserve Bank of Australia (RBA): Select one: a. buys and keeps specific types of securities in its portfolio for...
-
A standard-rated supply is made in May 2017 at a price of 340, plus VAT. Calculate the VAT chargeable and the consideration for the supply if: (a) no discount is offered (b) a 2% discount is offered...
-
Classify each of the following supplies as either taxable at the standard rate, taxable at the reduced rate, taxable at the zero rate or exempt: (a) a theatre ticket (b) a loaf of bread (c) bank...
-
Consider the problem of minimizing f(x,y) = x2 + 2y2 subject to the constraint g(x,y) = yex2 - 1 = 0. (A) Solve the constraint equation for y, and then substitute into f(x, y) to obtain a function...
-
Dr. Powers operates a single-provider family medical practice. One medical assistant handles appointments, basic bookkeeping functions, and assists with medical records. Two additional medical...
-
Quiz 6 Fall 2019 - MGCR-211-001/002/003 edugen.wileyplus.com WileyPLUS Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley Help | System...
-
In Exercises 21-24, use these results from the "1-Panel-THC" test for marijuana use, which is provided by the company Drug Test Success: Among 143 subjects with positive test results, there are 24...
-
4 Listen Using the DCF approach yields the value of the company as a whole. How would one refine this to determine the value of a share of stock? 1) Divide the company value by total assets. 2)...
-
The "is" or "is not" test established in McPhail v. Doulton (1971) for discretionary trusts creates more problems than it resolves.' Critically evaluate this statement. requirement Table of content...
-
Acorn Ltd has been manufacturing its own shades for its camping chairs. The company is currently operating at 100 per cent capacity. Variable manufacturing overhead is charged to production at the...
-
Imagine you are the HR manager at a company, and a female employee came to you upset because she felt a male coworker was creating a hostile work environment by repeatedly asking her out on dates...
-
On 1 January 2023, Lessor plc leases a machine to a client. The lease term is three years and lease payments of 1,000 per month are required. The machine has a useful life of eight years and its fair...
-
On 1 April 2023, Endale Ltd (which prepares accounts to 31 March each year) enters into a lease of computer equipment. The company is required to make six half-yearly lease payments of 7,674 each and...
-
On 1 January 2023, Crimmock Ltd (which prepares accounts to 31 December) enters into a four-year lease of office machinery. The company is required to make four lease payments of 30,000 and these...
-
How to solve general ledger cash balance chapter 9 assignment 5
-
On 31 July 2018, Sipho bought 1 000 ordinary shares in ABC Ltd at a cost of R2 750. On 31 December 2018 the company made a 1 for 10 bonus issue. On 31 March 2019, Sipho sold 300 shares for R800. What...
-
If you purchase a $1000 par value bond for $1065 that has a 6 3/8% coupon rate and 15 years until maturity, what will be your annual return? 5.5% 5.9% 5.7% 6.1%
Study smarter with the SolutionInn App