of computing vat payable

Q: What is Balanace of Payment

A: Balance of Payment is a statement of monetary transactions made and records  between residents of a…

Q: What is the use of payment request forms?

A: Payment request form a requisition form used for the request for payment. This request is a non…

Q: Define the term Approval of payment requests?

A: The payment is an amount of money paid by the customer to the seller in exchange of goods and…

Q: what is net purchases? Is there another term for it?

A: Net purchases is an important metric in accounting because it is used to calculate the cost of goods…

Q: Why is displaying sensitivity when requesting a payment important?

A: Financial management's purpose is to ensure that the healthcare facility earns enough income to…

Q: EBIT

A: EBIT is a measure used by companies to calculate their overall profitability. EBIT stands for…

Q: What do we mean by a uniform series payment?

A: Under uniform series of payment, payment of same amount is made or received at a regular time…

Q: What is deposits in transit?

A: Definition: Bank reconciliation: Bank statement is prepared by the bank. The company maintains its…

Q: What do you mean by Revenue Centre?

A: An operational unit within an organization which is responsible for the activities and tasks…

Q: What is the revenue project?

A: Revenue refers to the income generated by the company by performing certain operations or business…

Q: From your prior job, you built up a small retirement account. That account will start paying you…

A: Because of the fact that any sum today can be invested and grown overtime, the concept of money's…

Q: at output

A: Given: To explain the Vat output as,

Q: FINANCIAL GATEWAY

A: Finance refers to the description of activities, debt, funds, credit, leverage, etc in a company. It…

Q: What is disbursal rate

A: Disbursal rate is an important concept in the realm of financial markets and in the realm of fintech…

Q: Wolverine Realty Income Statement For the Month Ended April 30, 2019 Fees earned.. Expenses: $ (a)…

A: The missing amount can be derived by adding the available information and following the accounting…

Q: How does measure liquidity?

A: The transactions of the company will be analyzed by the management, and it will be recorded in…

Q: What is liquidity?

A: Cash is said to be the most liquid asset of the business. Assets are said to be highly liquid if…

Q: Schindler Co. consigns 20 water heaters to Paralax Co. on January 1, 20x1. The unit cost per water…

A: The consignor recognizes the revenue if the water heaters are sold to the customer and not on…

Q: Supplies on hand at December 31, 2024 were $890. Prepare the necessary adjusting entry on December…

A: Adjustment entries in accounting refer to the entries made to adjust the accounts at the end of an…

Q: What are finanicial transactions?

A: Transaction process system: It is a transaction process system can be defined as a system which is…

Q: What is Net realizable value?

A: Net realizable value means the amount that could be received after deducted all incidental expenses…

Q: E6-10 Godfreid Company has accounts receivable of $95,400 at March 3 31, 2017, there is a $2,100…

A: Total estimated Uncollectible  = Balances on 31 March 2017 ×  Estimated % uncollectible

Q: What are annuities received? Also, how does the calculation of expected return and the calculation…

A: It is considered as a payment stream of an equal amount which would likely occur at a regular time…

Q: What is the Effective Rate per Payment Period?

A: Answer: The effective rate is nothing but the yearly rate under average compounding, will have…

Q: How is balance sheet important?

A: The balance sheet is one of the most important financial statements of the business as it is used to…

Q: What is the EBIT?

A: Earning Before Interest and Taxes (EBIT) The calculation of earning before interest and taxes are…

Q: A dealer in securities has the following for the year 2018: Sales, shares held for sale in the…

A: Taxes: Taxes are the obligation imposed on the income earned by every taxpayer on yearly basis.…