Company sold food products in Finland for 85€ and received also cash. Transaction should be recorded:

Question

Accepted Answer

Debit Cash 85€, Credit Sales 74.56€, Credit Output VAT 10.44€

Answer

Debit Cash 85€, Credit Sales 85€

Answer

Debit Cash 85€, Credit Sales 67.73€, Credit Output VAT 17.27€

Answer

Debit Cash 85€, Credit Sales 73.10€, Credit Output VAT 11.90€

Answer

Debit Cash 85€, Credit Sales 63.33€, Credit Output VAT 21.67€

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