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VAT Calculation for AB Manufacturing 2021 by Philan Zond Philan Zond is a document available to read on EtoBox.
What is VAT Calculation for AB Manufacturing 2021 about?
1. AB Manufacturing Limited manufactures tables and chairs and must complete its VAT return for the two month period ended 30 June 2021. It provides income and expense information for this period. 2. Notable items include local sales of R230,000, export sales of R115,000, and purchases of R23,000. It also paid depreciation of R50,000, bad debts of R13,500, and insurance of R3,450. 3. The assistant must use this information to calculate the VAT payable or refundable for the period.
- Author
- Philan Zond Philan Zond
- Language
- EN