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Unit 14: Value Added Tax
Sales Entry: Record a sales entry by selecting sales & output VAT ledgers with VAT/Tax class - Notes
Sales @ 5% and Output VAT @ 5% respectively. The sales entry appears as shown:
VAT Computation
In the VAT Computation screen click on F12: Configure and set Show VAT Analysis to Yes.
Press Alt+F1 to view the report in Detailed mode. The VAT Computation with VAT Analysis
displays as shown:
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