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B Traders bought laptops from SK Office Equipment for R23 000 (VAT inclusive) on credit. The VAT rate applicable is 15%. What will the entry
B Traders bought laptops from SK Office Equipment for R23 000 (VAT inclusive) on credit. The VAT rate applicable is 15%. What will the entry be in the applicable subsidiary journal? A. Journal General ledger accounts VAT input VAT output Equipment Trade payables control R R R R Purchases journal 3 000 20 000 23 000 B. Journal General ledger accounts VAT input VAT output Equipment Trade payables control R 23 000 R R 3 000 General journal R 20 000 C. Journal General ledger accounts VAT input VAT output Equipment R Trade payables control R 23 000 General journal R 3000 R 20 000 D. Journal General ledger accounts VAT input VAT output Equipment Trade payables control R 23 000 R Purchases journal R 3000 R 20 000 E. Journal General ledger accounts VAT input VAT output Equipment Trade payables control R 23 000 R R R 20 000 General journal
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