How much is the VAT Payable?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![How much is the VAT
Payable?
RTT opt to register to VAT on its 3rd year of operation
Beginning Inventory (including vat of 5,005)
Sales (VAT inc)
Purchases (VAT Exc)
250,000.00
4,200,000.00
2,500,000.00
195,000
198,995
144,995
Other:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71ae9ba1-a6e1-4957-9e88-3362cdd17450%2Faf881396-6463-4099-b0ea-2f0731983640%2Frhqdmj3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How much is the VAT
Payable?
RTT opt to register to VAT on its 3rd year of operation
Beginning Inventory (including vat of 5,005)
Sales (VAT inc)
Purchases (VAT Exc)
250,000.00
4,200,000.00
2,500,000.00
195,000
198,995
144,995
Other:
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