2) RS 3) R3 380 4) R3 460 5) R3 360 which one of the following statements is correct M) VAT output is repaid by SARS The debit balance of the VAT control account indicates the amount owed by SARS 13) VAT input is paid to SARS, 41 VAT on services rendered by the entity is VAT input 151 VAT is calculated at 14% on an inclusive amount Komolo Traders that is not registered as a VAT vendor, purchased stationery worth R14000, on credit from Lassie Dealers. Which one of the following options represents the correct effect on the basic accounting equation of Komolo Traders? Assets Equity Liabilities (1) + 14 000 + 14 000 2 + 14 000 - 14 000 + 14 000 13) + 14 000 - 14 000 + 14 000 - 14 000 + 14000