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On 1 March 2 0 2 4 , Robocar manufacturers ( not a registered VAT vendor ) borrowed R 2 8 1 0 0 0
On March Robocar manufacturers not a registered VAT vendor borrowed R from Charitonos Bank at an interest rate of per annum repayable over years. The R was deposited into the bank account of Robocar manufacturers. Robocar manufacturers plans to use the funding to invest in a new smart office technology driven office building. The VAT rate is
On March Robocar manufacturers made a down payment on the loan with an electronic funds transfer for R
Required:
Post the above transactions as recorded in the subsidiary journals for March and March to the general ledger of Robocar manufacturers.
Instructions:
Use a full stop to indicate any decimals eg:
Round off to the second decimal after the full stop eg:
If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero
For numeric responses only show the amount, do not show the Reg:
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