What is Cost of Sales?
March 4, 2012
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Cost of Sales Opening stock Plus Purchases Less Closing stock = Cost of Sales Cost of Sales is direct cost of product sold, shown in
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Tag: tax
What is Input VAT?
March 4, 2012
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Input VAT If your business is registered for VAT, you can claim back VAT charged to you on products and services Input VAT = Expense
What is Output VAT?
March 4, 2012
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Output VAT If your business is registered for VAT, you will charge VAT on the sale of products and services Output VAT = Sales *