CIMA Fundamentals of financial accounting BA3 Question # 2 Topic 1 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 2 Topic 1 Discussion

BA3 Exam Topic 1 Question 2 Discussion:
Question #: 2
Topic #: 1

A company which is VAT-registered receives an invoice for goods purchased for resale totaling $2,585 from a supplier that is not VAT-registered. VAT is at the rate of 17.5%.

The correct entry to record the invoice is:

A)

BA3 Question 2

B)

BA3 Question 2

C)

BA3 Question 2

D)

BA3 Question 2


A.

Exhibit A


B.

Exhibit B


C.

Exhibit C


D.

Exhibit D


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