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Question 3 [10] You are provided with the following information relating to Hardhat (Pty) Ltd for the VAT period ending April 2022. The standard VAT

Question 3 [10]

You are provided with the following information relating to Hardhat (Pty) Ltd for the VAT period ending April 2022. The standard VAT rate is 15%. All parties involved are VAT vendors.

No. Transaction for the two-months period Excluding VAT VAT amount Including VAT
Example Services Rendered 1 000 150 1 150
1. Water and electricity (a) 120 (b)
2. Petrol 1 150 (c) (d)
3. Interest received (e) (f) 350
4. Trading inventory 7 900 (g) (h)

Required:

Calculate the relevant amounts (a) to (h) in the table above. Part of the marks will be given for calculations. Round off to two decimals where necessary.

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