OBJstores, a dairy shop, entered into the following Petty Cash transactions during March 2020. The business is a registered VAT vendor and trades only with other registered vendors. They use a perpetual inventory system, and all goods are marked up at 40% above cost, before taking into account any trade discounts. A VAT rate of 15% is applicable
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please help answer
OBJstores, a dairy shop, entered into the following Petty Cash transactions during March 2020. The
business is a registered VAT vendor and trades only with other registered vendors. They use a
perpetual inventory system, and all goods are marked up at 40% above cost, before taking into
account any trade discounts. A VAT rate of 15% is applicable
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