elikem pty ltd manufactured inventoeies at a cost of r10 000 vat included. the inventoeies...

50.1K

Verified Solution

Question

Accounting

elikem pty ltd manufactured inventoeies at a cost of r10 000 vat included. the inventoeies were sold for r15 000 vat included. if all inventory sales qualify as standard-rated supplies, determine the net vat due to/ (refundable by) sars

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students