A business sold goods valued at R1000 excluding vat on credit to a customer. What would be the debit to the customers account if vat is 14% ?

1 Answers  

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What is fair value accounting definition?

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what is meaning off PLA IN EXCISE PART.

1 Answers  

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Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

0 Answers  

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Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

0 Answers   Supraveni Chemicals,

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What Does Hedgelet Mean?

1 Answers   Deloitte,

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what is an ideal organisation

0 Answers   Thomson Reuters,

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In which ways is math used in accounting

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Do you know the term account payable?

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please give a journal entry for purchase order

1 Answers   Cap Gemini, IBM,

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Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job

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What is Differed revenue expenditure?

8 Answers   Capital IQ, Genpact,

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