What is “TVA” in French accounting
What is “TVA” in French accounting?
A. Total Value Asset
B. Tax on added value (VAT)
C. Trade payable
D. Treasury variance
Answer: B
Explanation: “TVA” stands for “Taxe sur la Valeur Ajoutée,” which is the French term for Value-Added Tax (VAT). It is an indirect tax levied on the sale of goods and services, collected by businesses on behalf of the government and remitted periodically.
