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    Item Quantity List Price Total Discount Given Total Vatable Sales 3% Amount

    Uploaded by

    Bennur Rajib Arajam Barraquias
    The document provides details of a sales invoice for various clothing items purchased by a VAT registered customer. It lists the quantities, unit prices excluding VAT, total discounts given at 3%, and calculations to determine subtotals, VAT amounts, and total amount due. It also provides details of a fundraising event including quantities and prices of items sold, costs of goods sold, rental fees paid, and reimbursements for personnel. It asks to create a spreadsheet with the data and formulas and calculate profits/margins for each item, total sales, and net earnings.

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    Item Quantity List Price Total Discount Given Total Vatable Sales 3% Amount

    Uploaded by

    Bennur Rajib Arajam Barraquias
    4K views2 pages
    The document provides details of a sales invoice for various clothing items purchased by a VAT registered customer. It lists the quantities, unit prices excluding VAT, total discounts given at 3%, and calculations to determine subtotals, VAT amounts, and total amount due. It also provides details of a fundraising event including quantities and prices of items sold, costs of goods sold, rental fees paid, and reimbursements for personnel. It asks to create a spreadsheet with the data and formulas and calculate profits/margins for each item, total sales, and net earnings.

    Original Title

    Excel-Exam(1)

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    The document provides details of a sales invoice for various clothing items purchased by a VAT registered customer. It lists the quantities, unit prices excluding VAT, total discounts given at 3%, and calculations to determine subtotals, VAT amounts, and total amount due. It also provides details of a fundraising event including quantities and prices of items sold, costs of goods sold, rental fees paid, and reimbursements for personnel. It asks to create a spreadsheet with the data and formulas and calculate profits/margins for each item, total sales, and net earnings.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4K views2 pages

    Item Quantity List Price Total Discount Given Total Vatable Sales 3% Amount

    Uploaded by

    Bennur Rajib Arajam Barraquias
    The document provides details of a sales invoice for various clothing items purchased by a VAT registered customer. It lists the quantities, unit prices excluding VAT, total discounts given at 3%, and calculations to determine subtotals, VAT amounts, and total amount due. It also provides details of a fundraising event including quantities and prices of items sold, costs of goods sold, rental fees paid, and reimbursements for personnel. It asks to create a spreadsheet with the data and formulas and calculate profits/margins for each item, total sales, and net earnings.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1.

    The Sales Invoice

    Use the template below and create your own invoice for purchased products of a VAT

    registered customer. The products are enumerated below with unit price at gross of VAT, a

    3% discount has been given to the customer. Do all formulas required. Format the invoice for

    clarity.

    Given:

    Qty Unit Price (excl of 20%VAT)

    PLAIN WHITE SHIRT 2 £ 13.10

    PLAIN COLORED SHIRTS 50 £ 13.60

    WHITE SHIRTS WITH PRINT 11 £ 15.00

    COLORED SHIRT WITH PRINT 30 £ 15.50

    Total Discount given Total


    Item Quantity List Price Vatable
    3% Amount sales
    25.414(
    QxLP-
    PLAIN WHITE SHIRTS 2 £ 13.10 0.786 (QxLPx3%) TDg)
    PLAIN COLORED SHIRTS 50 £ 13.60 20.4 659.6
    WHITE SHIRTS WITH PRINT 11 £ 15.00 4.95 160.05
    COLORED SHIRT WITH PRINT 30 £ 15.50 13.95 451.05

    1296.11
    SUBTOTAL 4
    259.222
    VAT 20% 8
    1555.33
    AMOUNT DUE 68
    2. Fundraiser

    The third annual mini bazaar at the Golf Tournament was a tremendous success! There were

    three booths for the event; A booth that sells t-shirts for £ 10.00 each, A booth that sells

    souvenir items at £ 3.00 each, and a booth that sells caps and hats for £ 6.50 each.

    Cost of the items sold amounts to £ 5.00 for the t-shirts, £ 2.00 for souvenir items and £ 4.50

    for the caps and hats. Total quantities sold for each item are as follows:

    t-shirts 280 pcs.

    souvenir items 558 pcs

    caps and hats 320 pcs

    A rental fee of £ 450.00 was paid to the Golf Club where the event was held. Six (6)

    personnel were assigned to man the booths who reimbursed £ 15.00 each for snacks.

    (1) Create a spreadsheet with the appropriate labels, data, formulas and formatting.

    (2) How much profit and gross margin based on sales did each item make?

    (3) What was the total sale of the mini bazaar?

    (4) How much was the total net earnings of the fund raiser?

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