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HELP VAT account

johnrfraser
johnrfraser Registered Posts: 1
January 2017 in General discussion
hi,

I am currently doing a vat account but don't understand a few bits

1) when placing in the debit/credit is it the amount of vat on the transaction and not the full amount ?
2) whats is the difference between using examples someone who banks 24,00 in takings and someone who banks receipts ?
and any hints or tips for doing the vat ledger

thanks
0

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