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Elikem manufactured inventories at a cost of R10 000 (VAT included). the inventories were sold...

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Accounting

Elikem 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.

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