This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Answer
GHs415971
Step 1: Identify the given initial cost and the target total amount. Initial cost of the item = GHs415971 Target total amount = GHs500591.42
Step 2: Calculate the difference between the target total and the initial cost to find the figure that should be added. Figure to be added = Target total amount - Initial cost Figure to be added = GHs500591.42 - GHs415971 Figure to be added = GHs84620.42
The tax information provided (NHIL, GETFUND, VAT) is extra information not needed to answer this specific question, as the final total is already given.
The figure that should be added to the cost of the item to arrive at a total of GHs500591.42 is GHs84620.42.
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Identify the given initial cost and the target total amount.
This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.