How much is the Input VAT? (Excluding Transitional Input VAT) RTT opt to register to VAT on its 3rd year of operation Beginning Inventory (including vat of 5,005) 250,000.00 Sales (VAT inc) 4,200,000.00 Purchases (VAT Exc) 2,500,000.00 250,000 300,000 223,214.28 O Other:

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.7C
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How much is the Input VAT?
(Excluding Transitional Input
VAT)
RTT opt to register to VAT on its 3rd year of operation
Beginning Inventory (including vat of 5,005)
Sales (VAT inc)
250,000.00
4,200,000.00
Purchases (VAT Exc)
2,500,000.00
250,000
300,000
223,214.28
O Other:
Transcribed Image Text:How much is the Input VAT? (Excluding Transitional Input VAT) RTT opt to register to VAT on its 3rd year of operation Beginning Inventory (including vat of 5,005) Sales (VAT inc) 250,000.00 4,200,000.00 Purchases (VAT Exc) 2,500,000.00 250,000 300,000 223,214.28 O Other:
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