The following information is directly from the books of Charles Le Clerc Engineering (Pty)Ltd. A registered...
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The following information is directly from the books of Charles Le Clerc Engineering (Pty)Ltd. A registered VAT Vendor during October 2020. VAT is levied at 15% Transaction Excluding VAT Including VAT VAT R R R Purchased petrol worth (A) 700 R750.00 at Shell garage Sold to branded T-shirts to a (8) 8 500 customer on credit Exported goods to Germany 95 620 (C) from South Africa Bought a delivery vehicle for 850 000 (D) the business Purchased inventory from a (E) local supplier that is a vat 856 000 vendor Q.1.1 Vou are required to: (10) Calculate the missing amounts by only writing letters as indicated from (A) to (E) in the table above and your calkulated answer. In your exam booklet (answering book), only write down the letters and your answers next to each letter (i.e. no need to redraw the toble). The following information is directly from the books of Charles Le Clerc Engineering (Pty)Ltd. A registered VAT Vendor during October 2020. VAT is levied at 15% Transaction Excluding VAT Including VAT VAT R R R Purchased petrol worth (A) 700 R750.00 at Shell garage Sold to branded T-shirts to a (8) 8 500 customer on credit Exported goods to Germany 95 620 (C) from South Africa Bought a delivery vehicle for 850 000 (D) the business Purchased inventory from a (E) local supplier that is a vat 856 000 vendor Q.1.1 Vou are required to: (10) Calculate the missing amounts by only writing letters as indicated from (A) to (E) in the table above and your calkulated answer. In your exam booklet (answering book), only write down the letters and your answers next to each letter (i.e. no need to redraw the toble).
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Solution VAT 1s Pan Frice VAT Totalpuce 100 15 A Punchaed pe... View the full answer
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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