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Mr G Luna owes Vice Traders R5 750(including VAT) on 1 January 2022. The client has one month (the credit term) in which to settle

Mr G Luna owes Vice Traders R5 750(including VAT) on 1 January 2022. The client has one month (the credit term) in which to settle the debt. Mr G Luna pays her account on 25 January 2022. which to settle the debt. Vice Traders has a policy that a discount of 5% will be granted if the client pays before the end of the credit term. The VAT input of the cash discount will be

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1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)

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