Question
Assume that Zandiles Boutique registered as a VAT vendor effective 1 March 2019. Zandiles Boutique had a VAT input total amount of R24 760 and
Assume that Zandiles Boutique registered as a VAT vendor effective 1 March 2019. Zandiles Boutique had a VAT input total amount of R24 760 and a VAT output total amount of R37 860 at 31 March 2019. Which one of the following represents the balance of the VAT control account at 31 March 2019? A) R13 100 debit. B) R13 100 credit. C) R62 620 debit. D) R62 620 credit.
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
