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On 1 January 2020, A South opened a hardware store, SA Stores, which is registered as a VAT vendor (the applicable VAT rate is 15%).

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On 1 January 2020, A South opened a hardware store, SA Stores, which is registered as a VAT vendor (the applicable VAT rate is 15%). The periodic inventory system and control accounts are in use. The amounts in the transactions are VAT inclusive, where applicable. Duplicate cash sales invoice SA Stores VAT registration 238 Swann Drive number: 8960134750 PO Box 392 PRETORIA, 0001 Tel (012) 429 3111 Date: 18 January TAX INVOICE No: 0001 2020 To: Cash Payment method Cheque/Debit card Cash Credit card/Account Code Description Qty Total price SR001 Intumescent putty 5 2 000 (200) - 10% cash discount 1 800 VT @ 15% 270 Invoice total 2070 Amount tendered 2 100 Change 30 VAT included @ 15% 270 E & OE Duplicate receipt Date: 18 January No. 0005 2020 Received from: C West R Amount: Rand Two thousand and seventy rand only Cent: None For: Sales (cash) 2 070 00 SA Stores SA Stores Signature: S Africa The amount to be entered in the sales column of the book of first entry will be

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