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For a Tax Transaction that transfers the VAT amount due to FTA that must be accepted by the Representative Member from an ordinary group member, the application generates the following journal entries:
GL Account | Debit | Credit |
|---|---|---|
Group PayablesCurrent VAT Payable | (Due_Amount) | |
Other Operating ExpensesGroup Payables | (Due_Amount) |
For a Tax Transaction that transfers the VAT refund amount to be accepted by the Representative Member from an ordinary group member, the application generates the following journal entries:
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