Discuss how vat system works by using relevant examples

Assignment Help Financial Accounting
Reference no: EM131443048 , Length: word count:500

Question 1. Discuss how VAT system works by using relevant examples.

Question 2. list and explain the VAT supply categories; provide relevant examples of each category.

Question 3. provide a recommendation regarding the current south African VAT system and state whether you agree that the current VAT rate should continue as it is, should increase or decrease?

Reference no: EM131443048

Questions Cloud

What was finleys net cash provided by operating activities : ACCT 504- What was Finley's net cash provided by operating activities? What is the total NET amount of property, plant, and equipment that will appear on the balance sheet?
Determine whether that motivation will be satisfied : Econ 1311: Data Analysis Assignment. Consider the stated goal of the tax policy described. Using a demand and supply diagram, determine whether that motivation will be satisfied if Demand is perfectly inelastic
Which cost curve represent curves : Use the graph to answer the following questions. a. Curve A represents which cost curve? b. Curve B represents which cost curve? c. Curve C represents which cost curve? d. Curve D represents which cost curve?
Write ten sql statements against the student schema : Write 10 SQL statements against the STUDENT schema that is in zip file. Your statements should run error-free and should be valid. Submit two separate files: one plain text file (.txt or .sql file) with your statements only; and the other document..
Discuss how vat system works by using relevant examples : Discuss how VAT system works by using relevant examples and list and explain the VAT supply categories; provide relevant examples of each category.
Elements in integrated marketing communication campaigns : Sales promotion vehicles are often key elements in integrated marketing communication campaigns. Browse the Web sites of the following support organizations for the sales promotion field and answer the questions for EACH site. This exercise is des..
Dicuss output range for current production of buffalo bill : Buffalo Bill has a potato chip company, Buffalo's chips. He is currently losing money on every bag of chips he sells. Mrs. Bill, who has just completed an economics class, tells Buffalo Bill he could make a profit if he adds more machines and prod..
Why business can be good at solving social problems : Watch the video Michael Porter: Why business can be good at solving social problems. Post 1) what you garnered from the video 2) what social problem you feel business can solve at home or abroad and how this could be accomplished.
Write a research paper on the rfid standards : Research paper on the RFID standards which apply to your selected industry. If there are no specific standards that you think apply to your selected industry then research how an existing RFID standard could be modified to support your selected i..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute ending inventory

Boyne Inc. had beginning inventory of $18,000 at cost and $20,900 at retail. Net purchases were $131,590 at cost and $181,700 at retail. Net markups were $11,100; net markdowns were $8,200;

  Prepare operating activity section of statement for rattigan

Rattigan Company's income statement contained the condensed information. Prepare the operating activities section of the statement of cash flows using the indirect method.

  Prepare an incremental analysis

Brief Exercise 20-8 Lisah, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $3,690 from sales $200,910, variable costs $174,010, and fixed costs $30,590. If the Big Bart line is eliminated, $20,350 of f..

  Date ending inventory-price index

The following information relates to the Shamrock Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $ 65,300 100 December 31, 2014 123,930 135 December 31, 2015 134,400 150 December 31, 2016 152,365 155 December 31, 20..

  Assuming the company desires

Although only 20 units are on hand at the beginning of the year, World Company plans to sell 100 units during 2014. Assuming the company desires an ending inventory of 10 units, it should plan to purchase 110 units

  Prepare the consolidation worksheet for pearl ltd

Prepare the Acquisition analysis at 1 July 2011 and the BCVR & pre-acquisition worksheet journal entries ONLY at 30 June 2014.

  Prepare a document flowchart of the expenditure cycle

Use the steps demonstrated in class & prepare a document flowchart of the expenditure cycle procedures described above. Use Excel for this assignment.

  Fixed costs increase before accounting profits turn negative

A project currently generates sales of $11.8 million, variable costs equal to 50% of sales, and fixed costs of $4 million. The firm’s tax rate is 50%. The project will last for 10 years. The discount rate is 10%. How much can fixed costs increase bef..

  Determine the annual depreciation expense for each years

Determine the annual depreciation expense for each of the estimated four years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year.

  Straight line method and units of production

On 1/1/2016 Trublood, Inc. purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a residual value $3,000. Assume that the units produced by the machine wi..

  Current australian unemployment and inflation rate

What is monetary policy and what are the objectives of monetary policy for the RBA and market numbers

  Accounting for interest expense should reflect

Accounting for interest expense should reflect the true economics of the borrowing, rather than the contractual rate. Why? Discuss. Suggest three key procedures, and explain all three, involving internal control of property, plant, and equipment that..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd