A VAT registrant purchases goods for 1 5 , 0 0 0 Baht with a tax invoice

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Question:

A VAT registrant purchases goods for

15, 000

Baht with a tax invoice issued. Then, the goods are sold to a customer abroad for

25, 000

Baht, issuing a tax invoice in the same month. What is the net Value Added Tax during this month?

Related Book For answer-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: Mar 24, 2024 09:37 PM

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A VAT registrant purchases goods for 1 5 , 0 0 0 Baht with a tax invoice

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Assuming the VAT rate in Thailand is 7 we can calculate the ... View the full answer

College Accounting A Contemporary Approach

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