Complete the following table by calculating the missing amounts (indicated as A- E). Round to two decimals places and assume a VAT rate of 15%. Amount excluding VAT VAT Amount Amount Including VAT R1 304.04 A R1 499.65 R240.30 R2 203.35 D E

Complete the following table by calculating the missing amounts (indicated as A- E). Round to two decimals places and assume a VAT rate of 15%. Amount excluding VAT VAT Amount Amount Including VAT R1 304.04 A R1 499.65 R240.30 R2 203.35 D E

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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Question

Complete the following table by calculating the missing amounts (indicated as A-
E).
Round to two decimals places and assume a VAT rate of 15%.
Amount excluding VAT
VAT Amount
Amount Including VAT
R1 304.04
A
R1 499.65
R240.30
R2 203.35
E.
B

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