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  • Budget Managent 8 Exercises Correction VAT Budget

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    Ana anisa
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    The document contains sales, purchases, and VAT budgets for a company for January to June 2022. The sales budget projects monthly sales and output VAT. The purchases budget projects monthly purchases and input VAT. The VAT budget shows the monthly output VAT, input VAT on goods/services, input VAT on fixed assets, and the resulting VAT due or credit.

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    budget management exercises 2023

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    budget managent 8 Exercises Correction VAT Budget

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    The document contains sales, purchases, and VAT budgets for a company for January to June 2022. The sales budget projects monthly sales and output VAT. The purchases budget projects monthly purchases and input VAT. The VAT budget shows the monthly output VAT, input VAT on goods/services, input VAT on fixed assets, and the resulting VAT due or credit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    Budget Managent 8 Exercises Correction VAT Budget

    Uploaded by

    Ana anisa
    The document contains sales, purchases, and VAT budgets for a company for January to June 2022. The sales budget projects monthly sales and output VAT. The purchases budget projects monthly purchases and input VAT. The VAT budget shows the monthly output VAT, input VAT on goods/services, input VAT on fixed assets, and the resulting VAT due or credit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    SALES BUDGET

    20,00% January February March April May June


    Sales ET 120 000 140 000 130 000 150 000 120 000 160 000
    Output VAT 24 000 28 000 26 000 30 000 24 000 32 000
    Sales IT 144 000 168 000 156 000 180 000 144 000 192 000

    PURCHASES BUDGET
    20,00% January February March April May June
    Purchases ET 60 000 80 000 70 000 80 000 90 000 100 000
    Input VAT 12 000 16 000 14 000 16 000 18 000 20 000
    Purchases IT 72 000 96 000 84 000 96 000 108 000 120 000

    VAT BUDGET
    20,00% January February March April May June
    Output VAT 24 000 28 000 26 000 30 000 24 000 32 000
    Input VAT on goods & services 12 000 16 000 14 000 16 000 18 000 20 000
    Input VAT on fixed-assets - - 16 000 - 4 000 -
    VAT credit 4 000
    Due VAT / VAT credit 12 000 12 000 - 4 000 10 000 2 000 12 000
    Outflows February March Delayed May June July

    January February March April May June


    Sales ET 120 000 140 000 130 000 150 000 120 000 160 000
    Purchases ET 60 000 80 000 70 000 80 000 90 000 100 000
    Fixed-assets ET 80 000 20 000

    VAT

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