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estion 10 of 23 30P The following information relates to the attorney's practice, SA Attorneys. The practice is registered as a VAT vendor VAT at
estion 10 of 23 30P The following information relates to the attorney's practice, SA Attorneys. The practice is registered as a VAT vendor VAT at 15% is included where applicable On 6 January 2020, A South, a chent settled his account. An amount of RI 150 was deposited directly into the business bank account. The amount that should be recorded in the VAT output column of the business cash receipts journal will be A R172,50 B.R150 C.RO because the amount should be entered in to the VAT input accountin the BCRJ D. RO because the VAT output was recognised when the fees charged were recorded in the fees journal Reset Selection . estion 11 of 23 3.0P A South started a general dealer business as SA Dealers. The business is registered as a VAT vendor and VAT is calculated at 15% The business makes use of the periodic inventory system on 29 March 2020 inventory to the value of R7 475 was sold on credit to SA Industries. The entry on 29 March 2020 in the book of first entry will be A. In the debtors column - R7475, in the sales column - R6 500 and in the VAT output column - R975 B. In the bank column - R7475, in the sales column-R6 500 and in the VAT output column - R975 C. In the bank column-R7475, in the sales column - R6 500 and in the VAT input column R975 D. In the debtors column - R7 475 and in the sales column - R7475. Reset Selection
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