need help in Q4

3. The accounting record made by the company with respect to point IV was: a. Debit account 62=168 and Credit account 12=168 b. Debit account 62=140, Debit account 243=28 and Credit account 12=168 c. Debit account 62=140 and Credit account 12=140 d. Debit account 62=28 and Credit account 12=28 4. Considering only the information presented in transactions I to VI of this exercise, the account VAT: a. Has a debit balance equal to 1020 , therefore it is a current asset b. Has a credit balance equal to 1020 , therefore it is a current liability c. Has a debit balance equal to 120 , therefore it is a current liability d. Has a debit balance equal to 120 , therefore it is a current asset 5. Considering only the information presented in this exercise, the Operating Result [ EBIT] of company Switch was equal to: a. 3360 b. 2332 c. 2500 d. 2462 During December N, the following transactions took place (these were the only transactions): I. Customer deposit (advance) received from customer Timex in the amount of 1440 Euros. VAT included at a 20% rate. II. Credit sale to customer Alfa of 200 units of merchandise for 50 Euros each, plus VAT at 20\%. These units had been acquired by Company Switch for 30 Euros each, plus VAT at 20%. Customer Alfa received a trade discount of 15%. III. Purchase from supplier Gama of 400 units of merchandise for 35 Euros each, plus VAT at 20%. The owned amount has been settled. IV. Cash purchase of gasoline. VAT (at 20% ) is non-deductible and equal to 28 Euros. V. Credit purchase of 25 watches from supplier Gama, for 48 Euros each (VAT included at 20% ). VI. Return of 5 units bought in point V from supplier Gama