Based on the results of vouching checks on sales journals found the following matters: 1. Orders from
Fantastic news! We've Found the answer you've been seeking!
Question:
Based on the reconciliation of the Annual Notification Letter for the 2018 VAT period with the general ledger the difference is
1. VAT recording and reporting differences
2. Any adjustments found by the auditor that have not been recorded in the ledger while reporting the Annual VAT Notification are correct
Sales:
Sales are recognized at the time of delivery of goods to customers and credit for a period of 1 month
Instructions:
Prepare the adjusting entries!
Related Book For
Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby
Posted Date: