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Summary
Summary VAT notes
Preview 1 out of 1 pages
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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- Summarized whole book?
- Unknown
- Uploaded on
- October 21, 2020
- Number of pages
- 1
- Written in
- 2019/2020
- Type
- Summary
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Matric Accounting notes (IEB) - All sections included
