A registered producer at VAT department sold a product to a registered wholesaler for 25,000 who sold
Fantastic news! We've Found the answer you've been seeking!
Question:
A registered producer at VAT department sold a product to a registered wholesaler for 25,000 who sold it not registered retailer at a profit margin 15% from its cost who sold it to consumer for 30,000 if u learn the VAT rate is 14%
Required:
- Determine the gross value of the invoice that issued by the producer, wholesaler and retailer:
1- Retailer is registered at VAT department
2 Retailer isn’t registered at VAT department - Determine Tax Due that must be turned too VAT department by producer, wholesaler and retailer.
Related Book For
Posted Date: