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Question 3 The following information has been taken from the books of Lobelia Traders, a general trading shop in Braamfontein, for the month of April

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Question 3 The following information has been taken from the books of Lobelia Traders, a general trading shop in Braamfontein, for the month of April 2020 Lobelia Traders is a registered VAT vendor and trades only with registered VAT Vendors The business charges 15% VAT on all its sales Transaction Journal Amount Vat Amount Amount Excluding Vat Including Vat Cash sales CBR 35 000 A B Advertising CBP C D 920 paid Goods CBP C 750 F purchased for cash Drawings GJ 500 G H Credit Sales DJ I 1 200

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