Day: September 1, 2019

The abbreviation ‘VAT’ means . . .

Select ONE answer:

1. Variable Agricultural Tax.
2. Value Associated Tax.
3. Value Added Tax.
4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Incorrect
2. Incorrect
3. Correct
4. Incorrect

 

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