- This topic has 7 replies, 2 voices, and was last updated 15 years ago by
.
- Posts
fazilla catering is a vat registered business, john ordered buffer for his birthday with the following item:
price per person:$20 pax
number of people:40
trade discount:15%
term of payment :60 days net 3/07 2% penalty for late payment.
what is the amount of VAT to be charged on this invoice?
A $104.52
B $119
C$115.43
D$140.00i used $20*40=$800 $800 less trade discount =$120
800-120=680
17.5*680=$119
correct answer is C
which part i caluclation wrongly?
Q3 what is the total amount payable by john on the invoice,if he settle the invoice on the 55th days from the invoice day.
A $799
B $775.03
C $778.60
D $795.43i have no idea how to do…this part.
Q4 what is the amount to be paid by john if he pay on the 4th day of the invoice?
A $799
B $775.03
C $778.60
D $795.63Q5 what is the amount to be paid by john if he pay after the due date?
A $799
B $795.43
C $778.60
D $809.63Wait man, I forgot everything about F3 and F6 so I would request @ansi to come here and help you out 😀
- You must be logged in to reply to this topic.