A business sold goods valued at R1000 excluding vat on credit to a customer. Wha

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% ?

Question Posted / neri

A business sold goods valued at R1000 excluding vat on credit to a customer. What would be the debit..

Answer / shivangi

Debtor/ Customer A/c Dr. 1140
sales A/c. Cr. 1000
vat output Cr. 140

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