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If the closing balance of the VAT input account and VAT output account for the month ended 31 December 20.20 amount to R7 691 and
If the closing balance of the VAT input account and VAT output account for the month ended 31 December 20.20 amount to R7 691 and R38 111, respectively. Is the following statement true of false about the VAT control account for the month ended 31 December 20.20. The VAT control account will be debited with the amount of the VAT output account of R38 111 and credited with the amount of the VAT input account of R7 691. Select one: O True O False
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