Find Related Questions by Tags, levels, etc.
Rejoice Baah, a VAT registered trader, reserved goods for Agya Atta costing GH¢12,000. Agya Atta paid a deposit of GH¢2,000 with the agreement that the goods be made available to him after the remaining GH¢10,000 is paid. By mutual consent, the agreement was canceled before Agya Atta could pay the remaining amount.
Required:
What are the VAT implications of the above transactions? (3 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Rejoice Baah, a VAT registered trader, reserved goods for Agya Atta costing GH¢12,000. Agya Atta paid a deposit of GH¢2,000 with the agreement that the goods be made available to him after the remaining GH¢10,000 is paid. By mutual consent, the agreement was canceled before Agya Atta could pay the remaining amount.
Required:
What are the VAT implications of the above transactions? (3 marks)
Find Related Questions by Tags, levels, etc.
Elevate your professional expertise across key business domains with our comprehensive training programs
Follow us on our social media and get daily updates.
This feature is only available in selected plans.
Click on the login button below to login if you’re already subscribed to a plan or click on the upgrade button below to upgrade your current plan.
If you’re not subscribed to a plan, click on the button below to choose a plan