Consider ARTISTIC PRINTING ENTERPRISE TIN 0000014909 located at Addis Ababa LEDETA sub-city Woreda (21) Kebele (13/53) house No(355) Telephone No(+251-115-5143388) and Fax No(+251115-511433). During the tax period, Meskerem 2005(September 2012), it acquired different goods and received different services from the suppliers below. The enterprise made payment to suppliers on Meskerem 20, 2005.
Name of Suppliers
Region
Zone/sub-city
Woreda
Kebele
House No
Gross Payment
Tibebe printers Trading plc
14
Kirkose
–
02/03
236
40,300.00
Zemili paints Factory pls
14
Bole
–
11
499
17,360.86
Tibebe priners Trading pls
14
Kirkose
–
02/03
236
19,000.00
Required:
Complete ERCA from 1105 and 1106 (withholding Tax on payment Declaration and the Continuation sheet)
Record the purchase transaction on Meskerem 20, 2005
Record the payment of withholding tax on Tikimt 10, 2005.
What amount should have been reported on line 20 of ERCA form 1105 by ARTISTIC PRINTING ENTERPRISE for the period Meskerem 2005?
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