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Yu Limited Records a VAT Inclusive Figure for Sales of £105,000

question 12

Multiple Choice

Yu Limited records a VAT inclusive figure for sales of £105,000 for the month of August. All sales are made on credit and VAT is charged at the rate of 20% on the net sales value of each sale. What is the correct double entry to record these sales?

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Malnourished

The condition resulting from an insufficient intake or absorption of nutrients, leading to poor health and physical weakness.

HMGA2 Allele

A specific variant of the HMGA2 gene that has been associated with traits such as height in humans.

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A type of cell division that reduces the chromosome number by half, resulting in the production of gametes (sperm and eggs) or spores in plants.

Eukaryotes

Organisms whose cells contain a nucleus and other organelles enclosed within membranes, distinguishing them from prokaryotes.

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