Vat control- practice sypnotic ass question

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

  • Pian32
    Pian32 MAAT Posts: 471
    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
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Passed Sep 2021
    F9 - Passed June 2021

    SBL
    SBR
    ATX - Planned Dec 21
    APM -
  • LA2018
    LA2018 Registered Posts: 19
    Omg! Of course! What a plonker ! Thank you.
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