Question: Select the correct statement: A . A VAT receivable exist when the total input tax exceeds the total output tax for the assessment period B

Select the correct statement:
A. A VAT receivable exist when the total input tax exceeds the total output tax for the assessment period
B. A VAT liability exists when the total output tax exceeds the total input tax for the assessment period
C. A VAT liability exist when input tax exceeds the total output tax for the assessment period
D. A VAT receivable exist when the total output tax is equal to the total input tax for the assessment period
Select the correct statement: A . A VAT

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