Direct Method DETERMINATION OF ADDED” “VAT Business enterprises that are able to keep provide sale 1 and invoices purchase invoices Value Sales Cost of - = Revenue Goods Sold Added Cost of goods sold can be determined as follows: Ending Cost of Pur- Beg. Goods Sold = Stock +
Direct Method DETERMINATION OF “VAT ADDED” 1 Business enterprises that are able to keep provide sale invoices and purchase invoices Value Added = Sales Revenue - Cost of Goods Sold Cost of goods sold can be determined as follows: Cost of Beg. Pur- Ending Goods Sold = Stock +
1012_VS-VAT%20Slides%20(Trainer).docx