[aali45]

Thank you so much for your explanation and apologies I will ask in the correct forum moving forward.

Thanks

[aali45]

HI I have a question:

The sales tax in salvadors nominal ledger currently shows output tax and input tax for the quarter at £64,515and £38,222 respectively. A detailed review of the account highlights the following:

A Sales invoice for £4200 (inclusive of sales tax at 20%) has not been accounted for

Sales tax of £1750 on purchases has been posted to the credit side of the sales tax account.

The correct amount payable to the government is:

Why is the answer : £23,493

I keep getting £25,243

Thanks

[aali45]

Please can you tell me why the answer to this question is £1700

This is the question:

Carlton co has a financial year ended 30th June. The company is preparing accoounts for the year ended 30 june 2011. Carlton Co’s Landlord charged rent for the year 1 April 2010 -31 March 2011 of £1800, but has increased the rent to £2520 for the following year tp 31 March 2012.

The Charge to Carlton Co’s Statement of Profit and Loss for rent for the year ended 30 June 2011 should be:

[Author]

Posts