General Accounting Question: Download Questions PDF
If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?
Answers:
Answer #1Vat Payable = 1000*20/120=Rs 166.6667
Answer #2200
Answer #3vat payable=1000*20/100=200
Answer #41000*100/120
=833 vat payable
=833 vat payable
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