A company which is VAT registered, has sales for the period of $28,450 (excluding VAT) and purchases (including VAT) for the period of $14,687.50.The balance on the VAT account, assuming all items are subject to VAT at 17.5%, is:
Answer(s): D
Which TWO of the following are treated as statutory deductions from an employee's gross salary?
Answer(s): B,D
Which of the following is an example of a transaction that affects profit, but does not affect cash?
Answer(s): C
Refer to the exhibit.In a statement of cash flows, which three of the following would be found under the section "cash flows from investing activities"?
Answer(s): B
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