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Dale Cooper, Stephen Grey, Geoffrey Raymond and Phil Walker John Wiley, £45 3/5

...Do you deduct the amount overstated from the amount in the next reporting period?

29 September, London; 4 November, Bristol; 10 November, London; 18 November, Birmingham;

…the total of the sales day book has been posted incorrectly as £51,010 instead of the correct amount of £50,101 ( ignore VAT)?

There is no advantage whatsoever as vat is accounted for at the point of purchase and, as a result, stock is dealt with net of VAT.

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