11 - 11,200 tg 2410 - 5110 - 11,200 tg (received as...

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11,200 tg 2410 - 5110 - 11,200 tg (received as contribution to authorized fund - for free) 2410 - 3310 - 11,200 tg (purchased, not subject to VAT) _______ 2410 - 3310 - 11,200/1.12 = 10,000 tg - COST (purchased, subject to VAT) 1420 - 3310 - 11,200*12/112 = 1,200 tg - VAT to offset (purchased, subject to VAT) _________ Purchase price: 10,000 tg Cost - 10,000/1.12 = 8,928.57 VAT to offset - 10,000*12/112 = 1,071.43 Purchase Price: 112,000 tenge 10 units purchased Cost: 112,000/1.12 = 100,000 VAT in the price: 112,000*12/112 = 12,000 Margin - 60% Selling price per unit = 11,200 * 1.6 = 17,920 10,000 - cost 1,200 - VAT in the price 6,000 - margin 720 - VAT on margin 2410 - 3310 - 10,000 1420 - 3310 - 1,200 - 2410 - 10,000 - 3130 - 1,920
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1420 - 1,200 - 3130 - 1,920 3130 - 1420 - 1,200 - 3130 - 720 3130 - 1030 - 720 Margin - 5,000/unit Selling price per unit = 16,800 tenge 10,000 - cost 1,200 - VAT in the price 5,000 - margin 600 - VAT on margin ________________ 1) 100% prepayment: 1610 - 1030 - 112,000
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This note was uploaded on 12/14/2011 for the course ECON 104 taught by Professor Ismailov during the Spring '11 term at London College of Accountancy.

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11 - 11,200 tg 2410 - 5110 - 11,200 tg (received as...

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