Output vat - Study guides, Study notes & Summaries

CHAPTER 2 1. Resident foreigners are not subject to the VAT on importation. 2. All agricultural or aquaculture inputs are VAT exempt. 3. The sale of processed agricultural products is vatable. 4. The importation of books and newspapers is VAT-exempt. 5. The importation of life-saving equipment is VAT-exempt. 6. The lease of aircrafts or vessels from non-residents is exempt from final withholding VAT. 7. The purchase of services from foreign consultants is exempt from f...

Fac1501 Assignment 5 Semester Name the two types of accounting basis used by a vendor to determine the tax payable: - ANS-The Invoice Basis The Payment Basis Original Cash Purchases Invoices (Internal/External Source Document) - ANSExternal Source Documents Original Slips (Internal/External Source Document) - ANS-External Source Documents Output Tax - ANS-VAT charged on the supply of goods and or services. Amount paid to SARS Output Tax is larger than Input Tax - - ANS-the diffe...

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...

Fac1501 Assignment 5 Semester Name the two types of accounting basis used by a vendor to determine the tax payable: - ANS-The Invoice Basis The Payment Basis Original Cash Purchases Invoices (Internal/External Source Document) - ANSExternal Source Documents Original Slips (Internal/External Source Document) - ANS-External Source Documents Output Tax - ANS-VAT charged on the supply of goods and or services. Amount paid to SARS Output Tax is larger than Input Tax - - ANS-the diffe...

Data Model - correct answer Data models are a set of rules and/or constructs used to describe and represent aspects of the real world in a computer. Two primary data models are available to complete this task: raster data models and vector data models. Spatial Data - correct answer Spatial data is usually stored as coordinates and topology, and is data that can be mapped. Spatial data is often accessed, manipulated or analyzed through Geographic Information Systems Raster Data - correct an...

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 are all benefits of ef...

FAC1503 Assignment 7 Semester 1 - 2023 (solutions) examples of questions answered: The useful life of an asset is an estimation of the length of time the asset can reasonably be used to generate income (revenue) and therefore be a benefit to the business. The sales account is: On 10 March 2022 Mr Kwazulu purchased goods from a hardware store SA Traders. SA Traders is a registered VAT vendor and the applicable tax rate is 15%. SA Traders makes use of the periodic inventory system, as well ...

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...

Assessment 7 Open course index Started on Tuesday, 21 May 2024, 9:06 AM State Finished Completed on Tuesday, 21 May 2024, 10:28 AM Time taken 1 hour 21 mins Marks 41.89/55.00 Grade 76.16 out of 100.00 Feedback You passed this assessment with a distinction. Keep up the good work. Question 1 Correct Mark 3.00 out of 3.00 Flag question Question text R Inventory (1 March 2020) 87 650 Sales 362 500 Purchases 215 000 Purchases returns 6 000 Freight on ...

Direct tax - correct answer Tax that everyone has to pay, it is taken directly out of your salary. Indirect tax - correct answer An indirect tax is a tax imposed by the government that increases the supply costs faced by producers. -The amount of the tax is always shown by the vertical distance between the two supply curves. Result of indirect tax - correct answer -Less can be su...