VAT Control Accounts
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Last updated 11:51 AM on 11/21/24
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12 Terms
1
New cards
VAT on credit purchases
Debit
2
New cards
VAT on cash purchases
Debit
3
New cards
VAT on Petty Cash Purchases
Debit
4
New cards
VAT On Sales Returns
Debit
5
New cards
Vat on Credit Notes issued
Debit
6
New cards
VAT on Irrecoverable Debts
Debit
7
New cards
VAT paid to HMRC
Debit
8
New cards
VAT on Credit Sales
Credit
9
New cards
VAT on Cash Sales
Credit
10
New cards
VAT on Purchase Returns
Credit
11
New cards
VAT on Credit Notes received
Credit
12
New cards
VAT reclaimed from HMRC
Credit
Note 
Flashcards (20)