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did you make this mistake on the exam

miketranmerefanmiketranmerefan Feels At HomeRegistered Posts: 42
on page 2 when it had the total figures and we had to work out vat and net amount. not sure when i worked out the vat i added it with the total for net like a weapon! instead of subtractin.
so does anyone know the figures, as trying to think of the four there was i think 400, 3000

can anyone help

mike

if i have done a cock upbut the vat are worked rite will i still get a few marks, on these questions what do you get for a correct answer anyone know

Comments

  • EsmeEsme Experienced Mentor Registered Posts: 711
    sorry.. but can you explain your self a bit more clearly!!
  • miketranmerefanmiketranmerefan Feels At Home Registered Posts: 42
    cheers

    dont matter cheers
  • SolbergSolberg New Member Registered Posts: 8
    on page 2 when it had the total figures and we had to work out vat and net amount. not sure when i worked out the vat i added it with the total for net like a weapon! instead of subtractin.
    so does anyone know the figures, as trying to think of the four there was i think 400, 3000

    can anyone help

    mike

    if i have done a cock upbut the vat are worked rite will i still get a few marks, on these questions what do you get for a correct answer anyone know
    PLB which section and question?
  • garry_coombsgarry_coombs Well-Known Registered Posts: 108
    to go from gross to net I divide by 117.5 and multiply by 100

    then to find the VAT amount all you need to do is work out the difference

    Hope that helps
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