General Accounting Question:
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If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?


Answer #1
Vat Payable = 1000*20/120=Rs 166.6667

Answer #2

Answer #3
vat payable=1000*20/100=200

Answer #4
=833 vat payable

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