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Miscalculation?
by Vibes on May 11, 2005 12:52 PM   Permalink

Hi,
The VAT calculation in "Example B" seems to be wrong. It should be calculated for 12,120 and not 13,620 as shown in the last three steps. If it is calculated for 12,120 then the total comes to 13,635 which is 1,688 lesser than "Example A".

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How VAT works