3115727
Description
Mind Map by helenajacobwex1, updated more than 1 year ago
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Created by helenajacobwex1
almost 9 years ago
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Value Added Tax
- Buy goods on credit:
- Debit Purchases with net figure
- Debit VAT a/c with VAT figure
- Credit Creditor a/c with Total amt (net + VAT)
- Credit Creditor a/c with Total amt (net + VAT)
- Debit VAT a/c with VAT figure
- Debit Purchases with net figure
Media attachments
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