VAT in context (TXA201)
Quiz
•
Financial Education
•
University
•
Practice Problem
•
Hard
Tanya Hill
Used 6+ times
FREE Resource
Enhance your content in a minute
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
VAT is a tax on:
Wealth
Income
Profits
Consumption
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which of the following item/s represent taxable supplies:
Standard rated supplies
Zero-rated supplies
Exempt supplies
None of the given options
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which of the following term/s imply that the amount includes VAT:
Open market value
Consideraton
Value of supply
None of the given options
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Input tax is:
An amount claimed by a vendor
An amount raised / levied by a vendor
VAT charged on goods and services supplied by a vendor
The VAT incurred in respect of goods or services supplied to a vendor
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If an amount includes VAT, to calculate the VAT amount you need to:
x 15%
x 15/115
x 100/115
/ 1.15
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The amounts shown in the financial statements of a company:
Include VAT
Exclude VAT
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What type of supply is the supply of electricity by a municipality?
Standard rated
Zero-rated
Exempt
Not a supply
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
Accounting and Financial Reporting Quiz
Quiz
•
University
10 questions
foreign exchange market
Quiz
•
University
15 questions
Economic Principles Quiz
Quiz
•
12th Grade - University
15 questions
President Financial Planning Quiz
Quiz
•
University
11 questions
FAFSA and Bankruptcy Questions
Quiz
•
9th Grade - University
11 questions
Chapter 4 - Ledger accounting and double entry
Quiz
•
University
15 questions
I and II module revision
Quiz
•
University
11 questions
Pra Ekonomi Makro
Quiz
•
University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Financial Education
7 questions
How James Brown Invented Funk
Interactive video
•
10th Grade - University
5 questions
Helping Build the Internet: Valerie Thomas | Great Minds
Interactive video
•
11th Grade - University
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
19 questions
Review2-TEACHER
Quiz
•
University
15 questions
Pre2_STUDENT
Quiz
•
University
20 questions
Ch. 7 Quadrilateral Quiz Review
Quiz
•
KG - University
