Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help is this better? Q.3.1 Complete the table below: Assume a VAT rate of 15%. Q.3.2 Complete the table below by marking the correct

please help image text in transcribed
image text in transcribed
is this better?
image text in transcribed
image text in transcribed
Q.3.1 Complete the table below: Assume a VAT rate of 15%. Q.3.2 Complete the table below by marking the correct block at each supply listed. You must only mark one block. If more than one block is marked, no marks will be awarded. Q.3.3 Match the transaction in column A with the correct source document in column B. You need only write the number from column A and the correct letter from column B. Q.3.4 What are the two bases upon which a business can register for VAT? Explain which bases would be more suitable for a sole trader business with a turnover of R2 million. Q.3.5 The following information has been provided to you from the books of Beril Traders: Assume all amounts are 15% VAT inclusive. Required: Using the information provided above calculate the VAT payable or refundable. Clearly indicate whether the amount is payable or refundable. .1 Complete the table below: Assume a VAT rate of 15% .2 Complete the table below by marking the correct block at each supply listed. You must only mark one block. If more than one block is marked, no marks will be awarded. Q.3.3 Match the transaction in column A with the correct source document in column B. (5) You need only write the number from column A and the correct letter from column B. Q.3.4 What are the two bases upon which a business can register for VAT? (3) Explain which bases would be more suitable for a sole trader business with a turnover of R2 million. Q.3.5 The following information has been provided to you from the books of Beril (7) Traders: Assume all amounts are 15% VAT inclusive. Required: Using the information provided above calculate the VAT payable or refundable. Clearly indicate whether the amount is payable or refundable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditor Independence Auditing Corporate Governance And Market Confidence

Authors: Ismail Adelopo

1st Edition

1409434702, 978-1409434702

Students also viewed these Accounting questions