Which account is the difference and how? saved?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...
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9 - 391- The balance of the calculated VAT account is 5,000 TL, 191 The balance of the deductible VAT account is also
3 750 T, 190-The balance of the transferred VAT account is 1000 TL. Which account is the difference and how?
saved?
A) 360-To the receivable of the tax and funds account payable
B) 190- To the debt of the transferred VAT account
C) 360-To the debt of the tax and funds payable account
D) 190- To the receivable of the VAT account of the transferred
E) None
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