From the following day book extracts, construct a VAT account for the month of March 2003 Additional

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From the following day book extracts, construct a VAT account for the month of March 2003 image text in transcribed

Additional information:
(i) VAT owing as at 1 March 2003 was £26.
(ii) VAT paid on 9 March 2003 was £145.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

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Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:01 AM

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From the following day book extracts, construct a VAT account for the month of March 2003 Additional

Question:

Net figures (before addition of VAT) for March 2003 Sales for month Purchases for month Returns inwards for month Returns outwards for month 895 785 18 9

Step by Step Answer:

2003 Mar 9 Bank Mar 31 VAT on purchases Mar 31 ...View the full answer

Frank Woods Business Accounting Basics

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