Summary
Summary VAT notes
An explanation of VAT INPUT and VAT OUTPUT as well as INCLUSIVE and EXCLUSIVE is given. The format of the accounts are shown and a classification of accounts as input or output VAT as well as being positive or negative to that account. Examples of zero rated items are also provided. This is a simple summary which will provide clarity of the VAT accounts.
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Institution
Module
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Connected book
New Era Accounting
- 2012
- 9781920321857
- Unknown
Written for
- Institution
- Maris Stella school
- Module
- Accounting
All documents for this subject (9)
Document information
- Summarized whole book?
- Unknown
- Uploaded on
- October 21, 2020
- Number of pages
- 1
- Written in
- 2019/2020
- Type
- SUMMARY
Subjects
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vat
-
tax
-
input vat
-
output vat
-
vat control
-
sars
-
inclusive vat
-
exclusive vat
-
zero rated vat items
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Matric Accounting notes (IEB) - All sections included
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