Find how much is vat on sales

Assignment Help Managerial Accounting
Reference no: EM132553997

The following information relates to Tameka Trading, a VAT registered vendor for the period of February 2020. Sales (VAT incl.) N$20,000; Purchases (VAT excl.) N$10,000; Sales return (VAT incl.) N$1,000. All their supplies are standard rated.

Question 1: Find How much is VAT on sales?

Reference no: EM132553997

Questions Cloud

Forecasting skills and professional practice : Write a paper that showcases forecasting skills and professional practice. Paragraphs on the features of job planning and the impact of forecasting.
Find is the a case where npv might not be methodology : Find Is there a case where NPV might not be the best methodology to evaluate new investments? If so, how could the problem be overcome?
Explain the purpose of an income statement : In a two- to three-page paper (excluding the title and reference pages), explain the purpose of an income statement and how it reflects the firm's financial.
PROJ 6002 Project Planning and Budgeting Assignment : PROJ 6002 Project Planning and Budgeting Assignment Help and Solution - Laureate International Universities, Australia - Assessment Writing Service
Find how much is vat on sales : Find How much is VAT on sales? The following information relates to Tameka Trading, a VAT registered vendor for the period of February 2020.
Business continuity and disaster recovery : What kind of user training should be conducted to deal with the issue of noise. How do you strike a balance between being overwhelmed with false positives
Develop a process for managing conflict in the workplace : Develop a process for managing conflict in the workplace. Include at least 5 steps to the process and Explain how the systems you implemented meet
What information is provided in the balance sheet : Referencing this week's readings and lecture, what information is provided in the balance sheet? What is a common-sized balance sheet and how do you create one?
Which statements describes the closing off process : Which statements describes the closing off process? To transfer income account balances to the expense account/ To allocate real account balances to SOFP

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd