Value Added Tax

helenajacobwex1
Mind Map by helenajacobwex1, updated more than 1 year ago
helenajacobwex1
Created by helenajacobwex1 about 6 years ago
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Description

VAT

Resource summary

Value Added Tax
  1. Buy goods on credit:
    1. Debit Purchases with net figure
      1. Debit VAT a/c with VAT figure
        1. Credit Creditor a/c with Total amt (net + VAT)
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