Page 68 - ADVANCED TAXATION - Day 1 Slides
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Example
The following items appeared on Ragdoll Boutique’s bank statements for
September:
R
Internet banking fee 73,92
Service fee (bank charges) 162,35
Transaction costs
83,90
Administration costs 14,00
Interest charged on overdraft 116,40
Interest received on positive bank balance 83,20
Cheque book – cost 18,20
Indicate which of the above amounts include VAT and, if so, how
much VAT is included.
