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Japer Ltd is a retailer and has the following transactions in the quarter ended 31st March 2022 Supplies made EXCLUDING VAT  (amounts in 000's) Standard rated          345 Zero rated                     56 Exempt                        124   Input Tax paid, attribute to : Standard rated supplies           31 Zero rated supplies                       9 Exempt supplies                          20 Unattributable                            12   HOW MUCH INPUT TAX CAN JASPER LTD RECOVER FOR THE QUARTER ENDED 31 ST MAR 2022 A.40 B.49240 C.52 D.72

Japer Ltd is a retailer and has the following transactions in the quarter ended 31st March 2022 Supplies made EXCLUDING VAT  (amounts in 000's) Standard rated          345 Zero rated                     56 Exempt                        124   Input Tax paid, attribute to : Standard rated supplies           31 Zero rated supplies                       9 Exempt supplies                          20 Unattributable                            12   HOW MUCH INPUT TAX CAN JASPER LTD RECOVER FOR THE QUARTER ENDED 31 ST MAR 2022 A.40 B.49240 C.52 D.72

FINANCIAL ACCOUNTING
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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Japer Ltd is a retailer and has the following transactions in the quarter ended 31st March 2022

Supplies made EXCLUDING VAT  (amounts in 000's)

Standard rated          345

Zero rated                     56

Exempt                        124

 

Input Tax paid, attribute to :

Standard rated supplies           31

Zero rated supplies                       9

Exempt supplies                          20

Unattributable                            12

 

HOW MUCH INPUT TAX CAN JASPER LTD RECOVER FOR THE QUARTER ENDED 31 ST MAR 2022

A.40

B.49240

C.52

D.72

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