Why do you think it is rare for input VAT (i.e. VAT on purchases) to be greater
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Why do you think it is rare for input VAT (i.e. VAT on purchases) to be greater than output VAT (i.e. VAT on sales)? When might this be most likely to occur?
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Goods and services are normally sold at a higher amount than ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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