Provide answer this general accounting question Apple Inc. sold the following items during the month of April2021 and made the sales invoice in Excel as follows-5 Desktop Computer for $2500 each5 Tabs for $1500 each10 laptops for $3500 eachIf the VAT is 5%, what will be the:a) Subtotal before VATb) VAT Amountc) Total Sales value after adding 5% VAT.

Step 1: Define VATVAT known as value-added tax is a type of indirect tax levied on goods and…

Answered: Apple Inc. sold the following items…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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