PPD
Gabriela333
Registered Posts: 9
Hello,Can you help me please?I start doing some questions from workbook,but my answers about discount was not correct,can you someone look at this and explain why my answers is wrong,because I am now confused thank you for any help
0
Comments
-
0 -
Hello,Can you help me please?I start doing some questions from workbook,but my answers about discount was not correct,can you someone look at this and explain why my answers is wrong,because I am now confused thank you for any help0 -
Your original answer of £320 + VAT of £64 is correct. Where did you get the £62.72 and £382.72 from? If it is from the answers to chapter activities then your book is incorrect!0
-
yes, it is from answers to chapter activities0
-
The prompt payment has been correctly calculated, as per old legislation.
When was this book published?0 -
2013 but I bought that book from ebay,not from Osbourne website,so my calculation is correct?0
-
But when I start reading on internet about PPD,I find on one website that from 2015 was some new changes in calculation,but now I don't know if my calculation is for new rules or old rules0
-
If the book was published in 2013 then the book is correct.
The answer today is what you've stated.
What you'd do now is if you offer, as a business, a 2% discount - calculate as normal, as per your answer, then, if paid within the timescale, issue a credit note for the discount amount to your customer.
0 -
Hi Guys,
Jumping in on this question. Unfortunately, unable to see image.
I am looking at the PPD in Level 2 bookkeeping transactions.
HRMC guidelines state the discount should not be given on the VAT and if you issue a credit note it should only be on the net amount (not gross). However, the qualification specification and the osbourne material state discount can be given on the Gross amount.
Please can someone explain the actual guidelines and what we will be expected to know in the exam.
Thank you0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 259 NEW! Qualifications 2022
- 146 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 37 AAT Level 3 Diploma in Accounting
- 64 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 137 Bookkeeping
- 7.3K General accounting discussion
- 193 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership