True/False
Debit VAT account, Credit cash is the correct double entry to record the payment of VAT to HM Revenue and Customs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q60: In March, Imtiaz Limited made payments of
Q61: Which one of the following is not
Q62: The petty cash book is a book
Q63: Which one of the following would not
Q64: The bank balance shown in Jay's cash
Q65: Discounts received are debited to each individual
Q66: During the financial year ended 30 September,
Q67: Sales invoices record the amounts owed by
Q68: The sales ledger records transactions with individual
Q70: Marwan Limited made sales net of VAT