You are informed that J. Beckham is a VAT-registered retailer. Her total sales for the week just
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You are informed that J. Beckham is a VAT-registered retailer. Her total sales for the week just ended amounted to £14,540 excluding VAT. All the business’s sales are subject to VAT at 20%.
Beckham deposited the entire week’s takings in the business bank account. What will be the entries in the business’s general ledger that record this information?
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Related Book For 
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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