Title:
Value Added Tax Guide Series - Accounting Guide
Code:
GUI/c02/3
Supervisor:
Ministry of Finance
Author:
Ministry of Finance
Page Numbers:
39
Available at:
OMSAR
Summary:
Introduction Section One: What are the accounting books to be kept? 1. Organizing accounting documents 2. Invoice 3. Receipt 4. Deduction notice Section Two: Accounting entries for VAT registered 1. How to calculate value added tax 2. Purchases of goods and services 3. Import of goods and services 4. Tax paid on expenses 5. Handing over money or services to oneself 6. Sales 7. Discounts 8. Interest for late payment 9. Returned goods and merchandise 10. Replacement 11. Bad debts 12. Collection of bad debts 13. Amounts paid in advance (down payment) 14. Rent 15. Goods And used goods 16. Selling goods on trust 17. Giving the right to sell in a specific place 18. Vouchers or gift receipts 19. Vending machines by means of coins 20. Exchange of debt for goods 21. Fixed assets 22. Gifts 23. The process of transferring the foundation’s assets necessary to carry out an activity Commercial establishment 24. Sale on credit or by installments 25. Damaged goods 26. Exporters 27. Taxable or partially exempt from value-added tax
Year:
2002
Sub-Sector:
Citizenship