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Q.3.5 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 B R240.30 R2 203.35 D E

Q.3.5 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 B R240.30 R2 203.35 D E

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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VAT is 15%
Q.3.5 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 B R240.30 R2 203.35 D E
Transcribed Image Text:Q.3.5 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 B R240.30 R2 203.35 D E
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