On October 1 , 2 0 1 9 , Company C sells goods for EUR 6 0
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Question:
On October Company C sells goods for EUR without VAT to client Y The invoice sent to the client indicates that the payment is expected in days. Additional sales take place in November for EUR and December for EUR
On December Company C determines an annual rebate at of all purchases made by client Y and prepares a credit note to the attention of client Y
Determine the amount of the rebate and the credit note and pass the accounting entries as of October first sale only and December for the credit note only in Company C accounting.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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