Rana company ltd. produces a higher quality speaker of 5,000 pieces at cost of Tk. 200 per piece and sold 4,500 pieces to a wholesaler named Mr. Jafar at a profit of 15%. Mr. Jafar traders incurred a cost @ Tk. 50 for maintenance and other expenses and added 10% profit to the price before selling 3,500 pieces to a retailer named Taba Sisters. Taba Sisters also incurred a cost @ Tk. 85 for maintenance and added 5% profit to sell 2,500 pieces to the consumers. Compute VAT in each stage assuming a rate of VAT is 15%.

Rana company ltd. produces a higher quality speaker of 5,000 pieces at cost of Tk. 200 per piece and sold 4,500 pieces to a wholesaler named Mr. Jafar at a profit of 15%. Mr. Jafar traders incurred a cost @ Tk. 50 for maintenance and other expenses and added 10% profit to the price before selling 3,500 pieces to a retailer named Taba Sisters. Taba Sisters also incurred a cost @ Tk. 85 for maintenance and added 5% profit to sell 2,500 pieces to the consumers. Compute VAT in each stage assuming a rate of VAT is 15%.

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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