Expenses (Excluding VAT) Purchase of hardware Purchase of software Purchase of diesel Purchase of Royalty Air...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Expenses (Excluding VAT) Purchase of hardware Purchase of software Purchase of diesel Purchase of Royalty Air ticket to Singapore Expenses (Including VAT) Telephone, rent, office requisites Entertainment expenses Repairs of car used for marketing Accommodation Capital Expenditure - Car - Fax machine - Land Required: Calculate the allowable input tax Rs 500,000 300,000 200,000 250,000 32,000 140,000 20,000 9,500 12,500 800,000 12,000 2,500,000 Expenses (Excluding VAT) Purchase of hardware Purchase of software Purchase of diesel Purchase of Royalty Air ticket to Singapore Expenses (Including VAT) Telephone, rent, office requisites Entertainment expenses Repairs of car used for marketing Accommodation Capital Expenditure - Car - Fax machine - Land Required: Calculate the allowable input tax Rs 500,000 300,000 200,000 250,000 32,000 140,000 20,000 9,500 12,500 800,000 12,000 2,500,000
Expert Answer:
Answer rating: 100% (QA)
Calculate the allowable input tax In this case well assume a hypothetical VAT rate ... View the full answer
Related Book For
Posted Date:
Students also viewed these law questions
-
With the aid of the Smith chart, plot a curve of |Z in | versus l for the transmission line shown in Figure 10.33. Cover the range 0 < l/λ < 0.25. 20 Lossless Lossless 20 Zo = 50 2 Zo...
-
Royal Industries has for many years enjoyed moderate but stable growth in sales and earnings. In recent years, it has faced a stiff competition in its plastic product line and, consequently, its...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
How do patterns of mental illness differ according to population? Name examples of where one psychological symptom could be interpreted in two different ways based on age/gender/identified problem.
-
Who first explained Brownian motion and made a convincing case for the existence of atoms?
-
How do logistics managers effectively manage the supply chain? Why do companies need to pay close attention to managing logistics?
-
To analyze a firms existing investments, and to identify differential advantages that explain excess returns on existing investments. Key Questions: 1. What are the firms competitive strengths and...
-
Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The companys balance sheet as of June 30th is shown below: Beechs managers...
-
The WorldValue fund has value weights on asset classes and returns as given in the table below. There are four major asset classes: Europe, Pacific, Emerging and North America (Canada and USA).The...
-
The time from acceptance to maturity on a $1,000,000 banker's acceptance is 120 days. The importer's bank's acceptance commission is 1.75 percent and the market rate for 120-day B/As is 5.75 percent....
-
Farmers expect the price of blueberries to be much lower next year. Due to lots of media attention on the health benefits of blueberries, consumers are eager to purchase blueberries. Explain how the...
-
Even with restricted access to storeroom keys, it is sometimes desirable to change locks.Under what specific conditions would you, as a food controller, advise a manager to change locks?
-
We will consider the network which is depicted in Figure 1. Please calculate the routing table of node E using the Link State algorithm (Dijkstra algorithm). Describe in each step the set of...
-
Assume data transmission based on Packet Switching from a node in Eastern Europe (A), through two nodes in Central Europe (B, and B), to a node in Western Europe, i.e. two intermediate hops (A B...
-
Niles is making an investment with an expected return of 12 percent. If the standard deviation of the return is 4.5 percent, and if Niles is investing $100,000, then what dollar amount is Niles 90...
-
You are making a union and assume yourselves union representatives. You will need to assume that you are bargaining on the behalf of your bargaining unit during first contract. Your Presentation...
-
Corruption in SCM is a significant problem. Consider Principle 10 of the UN Global Compact (2010) . Why should companies care about anti-corruption? Of the four factors (Legal; reputational;...
-
The Smiths buy a house. They borrow 80 percent of the purchase price from the local ABC Savings and Loan. Before they make their first payment, ABC transfers the right to receive mortgage payments to...
-
What is meant by the term non-controlling interest (NCI)?
-
P6-6 On January 1, 2010, Lakemead acquired 45% of the issued shares of Dakota for $75,450. At that date, Lakemead considers that it has significant influence. At this date, the records of Dakota...
-
When there is a dividend payable by the subsidiary at acquisition date, under what conditions should the existence of this dividend be taken into consideration in preparing the fair value adjustments?
-
Which would not be a detective control? a. Drug testing b. Reconciliations c. Surprise cash counts d. Counting inventory e. Reviews
-
Which fraud scheme did Sunbeam not do? a. Cookie-jar reserves b. Accelerated revenues from leasing equipment c. Channel stuffing d. Guaranteed sales e. Improper bill and hold
-
Which would be a corrective control? a. Process redesign b. Drug testing c. Using document control numbers d. Job rotation e. Event notifications
Study smarter with the SolutionInn App