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Vat control- practice sypnotic ass question

LA2018LA2018 Registered Posts: 19
in Synoptic Assessment - Advanced
Hey,
So this question in regards to the VAT control and the errors. I think I’m confusing myself as I may be reading the question wrong.
Sales - the invoice put on as sales rafer then Vat. Do I need to deduct the value of the error or do I need to work out how much the invoice would be including that amount of vat?
🤯

Comments

  • Pian32Pian32 Registered Posts: 215
    The Vat wasn't included in the control account so it needs to be added to the correct side (credit) this will increase the brought down balance on the debit side.
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F6- Sitting September 2020
  • LA2018LA2018 Registered Posts: 19
    Omg! Of course! What a plonker ! Thank you.
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