EXERCISE 1 :

The company "ABC- SA" specializes in the marketing of goods. Its activity is subject to
at the VAT rate of 20%. During the month of February 2022, company ABC carried out the operations
following:

05/02 : Reçu de RAKI la facture N°165 comportant : montant brut des marchandises 500 000 ; rabais 10 %,
5% discount; flat shipping fee of 2500 excluding tax, VAT 20%. Payment by bank cheque.
06/02: Sent to RAMI SARL invoice No. 256 including: gross amount of goods 200,000;

escompte de caisse 2 % ; TVA 20%, port récupéré 570 DH TTC (TVA 14%).

07/02: Invoice N°235 addressed to TAKI including: gross amount of goods 100,000; discount 10%;
ristournes 5 % ; port forfaitaire 4500 HT ; TVA 20 %, facture à crédit sur trois mois.
08/02 : ABC observes that 100,000 dirhams worth of goods are not compliant and decides to return them to the
supplier RAKI. The latter sends him a credit invoice No. 120 the same day for this return.

20/02: Received from supplier RAKI invoice No. 166 with a gross amount of goods 400,000;
VAT 20; shipping cost recovered by the supplier 1000 excluding tax; VAT on shipping 14%. Payment of the invoice 200,000 MAD

cashier's check, the remainder credited over two months.

25/02: Received from ALINI invoice No. 246 with a gross amount of goods 500,000; discount 6%;
3% discount; flat rate shipping 3,218 excluding tax; 2% discount; payment by check.
26/02: ABC received a credit invoice no. 150 concerning the omission of a 10% discount on the invoice due.
No. 166.
WORK TO BE DONE:
1- Present the invoices
2- Record these transactions in the journal of company ABC.
EXERCISE 2: The company ABC carries out the following operations during the month of March 2022:

05/03: Paid by check the transport fees on the sale of goods 3,600 excl. VAT, VAT 14%.
05/03: Sent the following invoice:
Supplier: the company ABC
Due 05/05/2022
Client :ADIB
Invoice No: invoice no. 235
Payment method: on credit
Elements Amount
Gross amount of goods 80,000
- 10% discount:
= net commercial 1
+VAT 20%
Transport on sale of goods excluding tax 3,600
+VAT 14%
Total Amount Including Tax (TTC)
05/03: received the following invoice:
Supplier: company XYZ
Doit 05/03/2022
Client :ABC
Facture N° :facture n°168
Payment method: cash
Elements Amount
Gross amount of goods
- Discount 5%:
net commercial 1
+VAT 20%
Total Amount Including Tax (TTC) 114,000
TAF: complete and record invoices with the client and with the supplier.
 SOLUTION
Fournisseur :RAKI
Due 05/02/2022
Client :l’entreprise ABC
Invoice No: invoice no.165
Payment method: bank check.
Elements Amount
Gross amount of goods 500,000
- 10% discount 50,000
net commercial 1 450,000
- Remise 5% : 22,500
net commercial 2 427 500
flat rate excluding tax 2,500
amount excluding tax 430,000
+VAT 20% 86,000
Total Amount Including Tax (TTC) 516,000
05/02/2022
6111 Purchase of goods 427,000
6142 Transport 2,500
3455 Recoverable VAT on expenses 86,000
4411 Supplier 516,000
Invoice No. 165

Fournisseur :l’entreprise ABC

Due 06/02/2022
Client :RAMI
Facture N° :facture n°256
Payment method: bank check.
Elements Amount
Gross amount of goods 200,000
2% discount 4,000
net financier 196,000
VAT on goods = 196,000*20% 39 200
net port recovered = 570/1.14 500
VAT on recovered port = 500*14% 70
Total Amount Including Tax (TTC) 235 770

06/02/2022
61426 Transportation on sales 500
3455 Recoverable VAT on expenses 70
5161 Box 570
Invoice No....
06/02/2022
5141 Bank 235 770
6386 Discount granted 4,000
7111 Sale of goods 200,000
4455 VAT invoiced status 39 200
61426 Transport on sales 500
3455 Recoverable VAT on expense 70
Facture n°256
 Supplier: Company ABC
Due 07/02/2022
Client :TAKI
Invoice No: invoice no. 235
Payment method: on credit
Elements Amount
Gross amount of goods 100,000
- 10% discount 10,000
= net commercial 1 90,000
- rebates 5 % 4,500
net commercial 2 85,500
+ flat-rate port 4500 4,500
Amount excluding tax 90,000
+ VAT 20% = Amount excluding tax * 20% 18,000
Total Amount Including Tax (TTC) 108,000
07/02/2022
3421 Client 108,000
7111 Sale of goods 85,500
7127 Sales of accessory products 4,500
4455 VAT charged state 18,000
Invoice No. 235

Invoice: Credit Invoice No. 120

Elements Amount
Gross amount of goods 100,000
- 10% discount 10,000
net commercial 1 90,000
- 5% discount: 4,500
net commercial 2 85 500
VAT 20% = 85,500 * 20% 17 100
net to deduct 102,600

4411 Supplier 08/02/2022 102 600

6111 Purchase of goods 85 500

3455 Recoverable VAT on charge 17,100
Facture n°120
20/02: Received from the supplier RAKI invoice No. 166 with a gross amount of goods 400,000;
VAT 20%; shipping recovered by the supplier 1000 excluding tax; VAT on shipping 14% paid by check. Payment of the
Invoice 200,000 dirhams against check, the rest on credit over two months.

Fournisseur :RAKI
Due 20/02/2022
Client :l’entreprise ABC
Invoice No: invoice no. 166
Payment method: 200,000 bank check, the rest to be credited over two months.
Elements Amount
Gross amount of goods 400,000
+VAT 20% on goods = 400,000 * 20% 80,000
+ port recovered excluding tax 1,000
+ VAT on recovered port = 1000 * 14% 140
Total Amount Including Tax (TTC) 481 140
20/02/2022
6111 Purchase of goods 400,000
6142 Transport 1000
3455 Recoverable VAT on charge = (80000 + 140) 80 140
4411 Supplier 281 140
5141 Bank 200,000
Facture n°165

Fournisseur :ALINI
Due 02/25/2022
Client :l’entreprise ABC
Facture N° :facture n°246
Payment method: payment by check
Elements Amount
Gross amount of goods 500,000
- discount 6% = 500000*6% 30,000
net commercial 1 470,000
- discount 3% = 470,000 * 3% 14,100
net commercial 2 455,900
- discount 2% = 455,900 * 2% 9 118
Net financier 446 782
+ flat rate port 3218 3,218
Amount excluding tax 450,000
+ VAT 20% = Amount excluding VAT * 20% 90,000
Total Amount Including Tax (TTC) 540,000

25/02/2022
6111 Purchase of goods 455,900
6142 Transport 3 218
3455 Recoverable VAT on expense 90,000
7386 Discount obtained 9 118
5141 Bank 540,000
Facture n°246
Fournisseur :RAKI
Due 20/02/2022
Client :l’entreprise ABC
Facture N° :facture avoir n°150
Elements Amount
Discount: 10% * Gross amount of goods 40,000
+ VAT = 40000*20% 8,000
net to deduct 48 000

4411 Supplier 26/02/2022

48,000
6119 RR discounts obtained on merchandise purchases
3455 Recoverable VAT on expense 40,000
8,000
Credit invoice no. 150