VAT Reconciliations
| OUTCOMES OF TOPIC After studying the topic related to VAT reconciliations you should be able to: ✓ Understand the importance of the general ledger account set-up in managing VAT in an organisation; ✓ Understand the purpose of VAT control accounts in a general ledger system; ✓ Perform a VAT reconciliation; Understand what a VAT reasonability test is. |