Food Supply – NBC Institute

PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Determine whether a hostel facility and the supply of food and drinks are taxable.

Question

State whether the following are taxable or not and briefly explain your answer.
i) Hostel facility offered to candidates by the Commonwealth Hall of the University of Ghana for profit.
ii) The supply of food and drinks by Papaye to the Vice President of Ghana for the celebration of his birthday.

Answer

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Tags: Food Supply, Hostel Facility, Taxable Transactions, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

MA – Dec 2023 – L2 – Q3b – Budgetary control

This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.

Question

Ghanaman Senior High School (SHS), which has an enrollment of 2,500 students (residential), is one of the schools that depend on the government for the supply of food items. The bursar has proposed that a 50-kilogram bag of rice can feed 200 students per meal, while the same 50-kilogram bag of beans can be used for 350 students. Per the menu plan, rice will be served three times and beans twice a week. The SHS will run two semesters of 16 weeks each for the year 2023.

Other information:

i) Opening inventory:

Rice: 40 bags of 50kg
Beans: 10 bags of 50kg

ii) Inventory policy (Closing inventory):

Rice: 20% of the annual requirement
Beans: 15% of the annual requirement

Required:
Prepare the budget for the supply of both rice and beans needed to feed students for the two semesters of the year 2023.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Food Supply, Inventory Policy, Residential School
Level: Level 2

Topic: Budgetary control
Series: DEC 2023

PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Determine whether a hostel facility and the supply of food and drinks are taxable.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Food Supply, Hostel Facility, Taxable Transactions, VAT
Level: Level 2

Topic: Value-Added Tax (VAT), Customs, and Excise Duties
Series: NOV 2023

MA – Dec 2023 – L2 – Q3b – Budgetary control

This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.

Question

Other information:

i) Opening inventory:

Rice: 40 bags of 50kg
Beans: 10 bags of 50kg

ii) Inventory policy (Closing inventory):

Rice: 20% of the annual requirement
Beans: 15% of the annual requirement

Required:
Prepare the budget for the supply of both rice and beans needed to feed students for the two semesters of the year 2023.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Food Supply, Inventory Policy, Residential School
Level: Level 2

Topic: Budgetary control
Series: DEC 2023

Question Tag: Food Supply

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PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Determine whether a hostel facility and the supply of food and drinks are taxable.

MA – Dec 2023 – L2 – Q3b – Budgetary control

This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.

PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Determine whether a hostel facility and the supply of food and drinks are taxable.

MA – Dec 2023 – L2 – Q3b – Budgetary control

This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.

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PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Determine whether a hostel facility and the supply of food and drinks are taxable.

You're reporting an error for "PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

MA – Dec 2023 – L2 – Q3b – Budgetary control

This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.

You're reporting an error for "MA – Dec 2023 – L2 – Q3b – Budgetary control"

PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties

Determine whether a hostel facility and the supply of food and drinks are taxable.

You're reporting an error for "PT – Nov 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties"

MA – Dec 2023 – L2 – Q3b – Budgetary control

This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.

You're reporting an error for "MA – Dec 2023 – L2 – Q3b – Budgetary control"

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