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Question 19 of 20 Africa Traders, which is not a registered VAT vendor, manufactures and sells plastic toys. The VAT rate is 15%. The entity
Question 19 of 20 Africa Traders, which is not a registered VAT vendor, manufactures and sells plastic toys. The VAT rate is 15%. The entity uses the periodic inventory system. 90-00-00-01 Date To For 2507/2020 C Africa Salary July NOT TRANSFERABLE SA Bank Limited Pretoria Pay: C Africa The sum of: Twenty three thousand rand only Date: 25 July 2020 or Bearer Balance Deposit Subtotal This cheque Balance R R R R23 000,00 R 23 000,00 A Africa B Africa For. Africa Traders 0020 00 20:900000:9000 12345611-01 10/12 How will the above source document be recorded in the applicable subsidiary journal of Africa Traders? Africa Traders Cash Payments Journal - July 2020 CP JO7 Doc no Day Details 25 C Africa Fol Purchases Bank R23 000 VATinput Sundry accounts Amount Fol Details R23 000 Salaries B. Africa Traders Cash Payments Journal - July 2020 CPJ07 Doc no Day Details 25 C Africa Fol Bank Purchases R23000 VATinput R3 000 Sundry accounts Amount Fol De tils R20 000 Salaries Africa Traders Cash Receipts Journal - July 2020 CRJO7 Doc no Fol Day Details 25 C Africa Analysis of receipts R23 000 Bank R23 000 Sales Sundry accounts VAT output Amount Fol Details R23 000 Salaris D. Africa Traders Cash Receipts Journal - July 2020 CRJO7 Doc no Day Details 25 C Africa Fol A ralysis of receipts R23 000 Sales Bank R23 000 VAT output R3 000 Sundry accounts A mount Details R20 000 Salaries
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