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The entries in the sales ledger and purchases ledger of Jamaa traders for the months of March and April 2008 were as follows:- Any value added...

      

The entries in the sales ledger and purchases ledger of Jamaa traders for the months of March and April 2008 were as follows:-
Any value added tax (VAT) due to the tax authorities is remitted by Jamaa Traders on the Interest date specified in the VAT Act (Cap 476).
Note: Entries in the ledger accounts were exclusive of VAT. The standard rate of VAT is 16%
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Determine A VAT account showing separately the VAT payable (or refundable) for the months of March and April 2008

  

Answers


Wilfred
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Wilfykil answered the question on February 15, 2019 at 09:46


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