A company received an invoice for TV advertisement, total amount to be paid 2560€. It should record this transaction:

Question

Answer

Debit Marketing expenses 1907.20€, Debit Input VAT 652.80€, Credit Accounts Payable 2560€

Answer

Debit Marketing expenses 2560€, Credit Accounts Payable 2560€

Answer

Debit Marketing expenses 2245.61€, Debit Input VAT 314.39€, Credit Accounts Payable 2560€

Answer

Debit Marketing expenses 2039.84€, Debit Input VAT 520.16€, Credit Accounts Payable 2560€

Crowdly