If a VAT-registered trader formats his Sales Day Book to record VAT amounts in a separate column,
Question:
If a VAT-registered trader formats his Sales Day Book to record VAT amounts in a separate column, the total of that column should be periodically posted to:
(a) Debit of VAT account
(b) Credit of VAT account
(c) Debit of Total sales ledger control account
(d) Credit of Total sales ledger control account
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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