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In September, Hamza Limited Makes Cash Sales with a Net

question 13

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In September, Hamza Limited makes cash sales with a net sales value of £2,400. The company is registered for VAT and charges VAT at the rate of 20% on the net sales value. What is the correct double entry to record these cash sales in the books of Hamza Limited?


Definitions:

Hospitalization

The process of admitting a person to a hospital for treatment, observation, or surgery.

Personal Items

Belongings that are personally owned by an individual, often of sentimental or practical value.

Contraceptive Devices

Tools or devices used to prevent pregnancy, ranging from barrier methods to hormonal implants.

STIs

Sexually Transmitted Infections, diseases spread primarily through sexual contact, including viral, bacterial, and parasitic infections.

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