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The following purchases and sales were made by Chapati Moto Limited (VAT No. !00012Y) during...

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Accounting

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The following purchases and sales were made by Chapati Moto Limited (VAT No. !00012Y) during the first two weeks of January 2006. Prices shown are inclusive of VAT at the standard rate of 16 percent. PURCHASES SALES Time left 2:52:20 175 150 There were no opening stocks at the beginning of the month. The physical inventory confirmed that there were 25 units in stock as at 31 January 2006. prepare a vat account and calculate total input tax on purchases a. 35862 b. 100000 c. 19310 d. 24834 The following purchases and sales were made by Chapati Moto Limited (VAT No. !00012Y) during the first two weeks of January 2006. Prices shown are inclusive of VAT at the standard rate of 16 percent. PURCHASES SALES Time left 2:52:20 175 150 There were no opening stocks at the beginning of the month. The physical inventory confirmed that there were 25 units in stock as at 31 January 2006. prepare a vat account and calculate total input tax on purchases a. 35862 b. 100000 c. 19310 d. 24834

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