Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. (a) elikem (pty) ltd manufactured inventories at a

(a) Elikem (Pty) Ltd manufactured inventories at a cost of R10 000 (VAT included). The...

50.1K

Verified Solution

Question

Accounting

image
(a) Elikem (Pty) Ltd manufactured inventories at a cost of R10 000 (VAT included). The inventories were sold for R15 000 (VAT included). If all inventory sales qualify as standard-rated supplies, determine the net VAT due to/ (refundable by) SARS. (b) Elikem (Pty) Ltd manufactured inventories at a cost of R15000 (VAT included). The inventories were sold for R25000 (VAT included). If all inventory sales qualify as zero-rated supplies determine the net VAT due to/ (refundable by) SARS. (c) Elikem (Pty) Ltd manufactured inventories at a cost of R12 000 (VAT included). The inventories were sold for R13000. If all inventory sales are exempt supplies for VAT purposes, determine the net VAT due to/ (refundable by) SARS

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which of the following statements is true The maximum number of electrons can be accommodated...

Physics
Q

. Define plant development and explain which main developmental processes are required to build a plant....

Biology
Q

The figure below is a longitudinal section of 1

Biology
Q

A child sitting at the end of a dock notices that 8 wavelengths pass by...

Physics
Q

The dot product of two vectors is Select one O a an integer O b...

Geometry
Q

What is the sum of the of the roots shown in the graph below 2...

Basic Math
Q

X is a discrete random variable The table below defines a probability distribution for X...

Statistics
Q

the Draw the function f x by dragging the blue points to the locations on...

Calculus
Q

Great - Cut processes bags of frozen organic vegetables sold at specialty grocery stores. Great...

Accounting
Q

In each of the cases below, assume Division X has a product that can be...

Accounting
Q

Fill in the missing information from the income statement. Torche Corporation Income...

Accounting
Q

Contribution Margin by Segment The following data are for Moss Creek Apparel: East West Sales...

Accounting