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Question 4: (2 pts) Company C receives on November 8th, 2018, an invoice for the acquisition of 5 elevators for EUR 54.000 to which VAT applies at a rate of 20 %. The invoice is paid at the end of the month. Pass the accounting entry as of November 8th, 2018 and at the end of the month.

Question 4: (2 pts) Company C receives on November 8th, 2018, an invoice for the acquisition of 5 elevators for EUR 54.000 to which VAT applies at a rate of 20 %. The invoice is paid at the end of the month. Pass the accounting entry as of November 8th, 2018 and at the end of the month.

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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Question 4: (2 pts) Company C receives on November 8th, 2018, an invoice for the acquisition of 5 elevators for EUR 54.000 to which VAT applies at a rate of 20 %. The invoice is paid at the end of the month. Pass the accounting entry as of November 8th, 2018 and at the end of the month.
Transcribed Image Text:Question 4: (2 pts) Company C receives on November 8th, 2018, an invoice for the acquisition of 5 elevators for EUR 54.000 to which VAT applies at a rate of 20 %. The invoice is paid at the end of the month. Pass the accounting entry as of November 8th, 2018 and at the end of the month.
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