TralARurchas ed Mike Sho es on ciedit from the Nike Factort. The546ice ShousJRunchasedfor use by the sales representaive A deposl of R33 350was paid3The owner Look a new Balanceás a gift, sliag price Rab45,,cost RI I80 Ceschuchingthe amount pajable asR23805a passenger vehidle to the value of R333 5o0letkies for his childcost)Jouinalise the cbove transadions. Sparl shoe tracks aretor Val pupo ses and all amaunts include Is vat whereaipplecableVAT inputBank3.v al input

Definition: VAT INPUT: When goods are purchased, which are vatable , then VAT input is added to the…

Answered: Jouinalise the above transad1ons. Sporl…

Jouinalise the above transad1ons. Sporl shoe trackis are for regishred Val puposes and all amaunts include IS. vat where Spollcable

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

Tral
ARurchas ed Mike Sho es on ciedit from the Nike Factort. The
546ice Shous
JRunchased
for use by the sales representaive A deposl of R33 350
was paid
3The owner Look a new Balance
ás a gift, sliag price Rab45,,cost RI I80 Ceschuching
the amount pajable as
R23805
a passenger vehidle to the value of R333 5o0
letkies for his child
cost)
Jouinalise the cbove transadions. Sparl shoe tracks are
tor Val pupo ses and all amaunts include Is vat where
aipplecable
VAT input
Bank
3.
v al input

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