VAT collected, a debit or a credit in Trial balance
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
VAT collected will be treated as liability because we have to pay it to government so it had credit balance