Input vat - Study guides, Study notes & Summaries

8/10/23, 8:26 PM Assessment 1: Attempt review Time taken 34 mins 45 secs Marks 88.00/100.00 Grade 80.00 out of 100.00 UNISA 2023 FAC1502-23-S2Welcome MessageAssessment 1 QUIZ Time left 0:43:45 Question 1 An entity has the following income and expenditure for the nancial year: Sales: R33 000; Salaries: R11 000; Interest income: R1 000; Insurance Not yet expense: R1 500. answered Marked out of The net pro t or loss of the entity using the basic accounting...

TAX3701 EXAM PACK 2023 EXAM WITH NGN QUESTIONS AND OMPLETE WELL EXPLAINED ANSWERS WITH RATIONALE 100% CORRECT VERIFIED BY EXPERTS AND GRADED A+ LATEST UPDATE 2024[ALREADY PASSED] Question 1: Transaction number Transaction details/Description Input Tax / Output Tax Reasons Calculation Amount 1. Sales Comission to Employees Input Vat Part of PAYE Calculation - Exempt Supply Nil Nil 2a) New Ford Rangers - Purchase Input Vat Company Vehicles - * 15% 5 400 000 2b) New Ford ...

FIN2112 Application based assignment for the October Exam Cycle (DETAILED ANSWERS) 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1 (20 Marks) The partnership agreement of Madi-Maxi Traders provided for the following: Balances on 1 March 20.19: Capital: Madi R 125 000 Maxi R 85 000 Current Account: Madi R 24 000 Maxi R 8 000 (debit) Net profit for the period: R 366 000 Transactions during the...

FIN2226N Exam Assignment (DETAILED ANSWERS) 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1 (20 Marks) The partnership agreement of Madi-Maxi Traders provided for the following: Balances on 1 March 20.19: Capital: Madi R 125 000 Maxi R 85 000 Current Account: Madi R 24 000 Maxi R 8 000 (debit) Net profit for the period: R 366 000 Transactions during the year, not included in profit: 1. Mad...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns...

FAC1503 ASSIGNMENT 4 BOMB. Faithful representation of information means that only information which is significant enough needs to be separately disclosed. Minor items must be included in the financial statements but need not be separately disclosed. True False Answer Key:False Feedback:Refer to section 1.5.4 of learning unit 1 Question 2 of 28 1.0/ 1.0 Points SA attorneys spend R2300 on goods not utilised for earning taxable income. SA Attorneys may not claim input VAT on the goods b...

CHAPTER 2 1. The Vat on importation is a business tax. 2. The final withholding VAT is a business tax. 3. The VAT on importation is 12% of the value added on importation. 4. The VAT on importation is 12% of the receipts from the sale of services abroad. 5. Importation is subject to either VAT or percentage tax. 6. The final withholding VAT is 12% of the contract price of purchased services from within the Philippines. 7. The sale of services abroad is subject to 12% final withhol...

What is vat charged on - Answer The sale of taxable supplies by a taxable person What is a taxable person - Answer a sole trader, partnership, limited company, club or association making taxable supplies What is a taxable supply - Answer One one which output vat is chargeable and input vat can be recovered and will be zero rated, reduced rated or standard rated. When will the vat rates differ from normal - Answer Before 2011. This is particularly applicable when looking at purch...

BTEC Unit 5: Data Modelling - Assignment 2 & 3 Learning Aim B & C 2024. Software – The use of software that I use will be part of my constraint as there may be compatibility issues with using this project. Success criteria: The success criteria that is needed is to show how my system is successful and is a really good solution of making users aware of what is expected of them and by encouraging them to extend themselves by looking through each bit on my table. User interface design: Her...

VERSION 1 1.The inexperienced accounting clerk wrongfully entered the manager's salary of R11 000 into the insurance account. The correcting double-entry would be ... Select one: A. dr salaries, R11 000 and cr bank, R11 000. B. dr salaries, R22 000 and cr insurance, R22 000. C. dr capital, R11 000 and cr salaries, R11 000. D. dr insurance, R11 000 and cr salaries R11 000. E. dr salaries, R11 000 and cr insurance, R11 000. Clear my choice Question 2 Answer saved Marked ...