The entry to record a cash sales transaction would be a debit to ____ and credit Sales. In recording a sales transaction of BD100 plus 10% VAT, the journal entry would include a debit to Cash of ____. In recording a sales transaction of BD100 plus 10% VAT, the journal entry would include a credit to Sales of ____. In recording a sales transaction of BD100 plus 10% VAT, the journal entry would include a credit to Output VAT of ____. The VAT-registered company purchased goods worth BD150, plus 10% VAT. The entry to record such transaction would include a debit to ____ of BD150. The VAT-registered company purchased goods worth BD150, plus 10% VAT. The entry to record such transaction would include a debit to ____ of BD15. The VAT-registered company purchased goods worth BD150, plus 10% VAT. The entry to record such transaction would include a credit to ____ of BD165. If VAT Output > VAT Input, the result is a ____ to NBR. If VAT Output < VAT Input, the result is a ____ from NBR. ____ is to Bahrain as HMRC is to UK. Company A sold merchandise to customers on account, BD 550, plus 10%VAT. The journal entry for Company A includes a debit to ____ of BD 605. Company A sold merchandise to customers on account, BD 550, plus 10%VAT. The journal entry for Company A includes a credit to Sales of ____. Company A purchased merchandise from the supplier on account, BD 680, plus 10%VAT. The journal entry would include Accounts payable of ____. When goods are purchased on account, the amount of payables ____ the VAT.

VAT

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