From the following day book extracts, construct a VAT account for the month of May 2019. Additional
Question:
From the following day book extracts, construct a VAT account for the month of May 2019.
Additional information:
Cash sales inclusive of VAT for May totalled £484.10.
Transcribed Image Text:
Net figures (before addition of VAT) for May 2019 Sales for month Purchases for month Returns inwards for month Returns outwards for month 1,123.50 765.75 98.00 103.00
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2019 May 31 VAT on purchases May 31 VAT on re...View the full answer
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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