Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please assist as soon as possible (a) elikem (

Please assist as soon as possible (a) Elikem (Pty) Ltd manufactured...

50.1K

Verified Solution

Question

Accounting

Please assist as soon as possible
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 R15 000 (VAT included). The inventories were sold for R25 000 (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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The Ka of a monoprotic weak acid is 2.50 × 10-3. What is the percent ionization...

Chemistry
Q

What are some of the explanations for eidetic memoery?

Psychology
Q

The following given set of data shows a set of 15-minute kW demands for four customers...

Electrical Engineering
Q

Solve for the exact solutions in the interval 0 27 List your answers separated by...

Basic Math
Q

Graph the rational function as a translation of fox Identify the vertical and horizontal asymptotes...

Algebra
Q

Happy Manufacturing Company assembles its product in several departments. It has two departments that process...

Accounting
Q

Major Co. reported 2018 income of $310,000 from continuing operations before income taxes and a...

Accounting
Q

NEED URGENT HELP FOR ALL THESE QUESTIONS. EXAM GOING ON RIGHT NOW. WILL END ON...

Accounting
Q

The financial statements of Roster Limited is provided below. 2016 Statements of Comprehensive Income for...

Accounting
Q

True/False The limitation on the deduction of business interest does not apply to businesses that...

Accounting
Q

Windsor Company is considering the purchase of a new machine. The invoice price of the...

Accounting
Q

Our company has two services (cafeteria and heating) and two productions (cutting and assembly) departments....

Accounting