Mr. A is a VAT vendor and sells goods to Mr. B for 3,510. Mr. A originally
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Question:
Mr. A is a VAT vendor and sells goods to Mr. B for 3,510. Mr. A originally purchased these goods from a VAT vendor for 1,755. Bearing in mind that the marked price would have included 17% VAT.
Required:
Record the related journal entries in Mr. A's ledger.
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