Question 47 Company B, a registered VAT vendor has the following transactions for the month of June 2018. Credit invoices:Sales R92 000, Purchases R116 150. Cash invoices: R57 500, Purchases R23 000. All amounts are inclusiveof VAT and is accounted for at 15%. Assuming company B is registered on the invoice basis, how much is the amount of VAT payable orrefundable to SARS for June 2018? A. VAT payable to SARS amounting to R1 350 B. VAT payable to SARS amounting to R3 150 C. VAT refundable to Company B amounting to R1 350 D. VAT refundable to Company B amounting to R3 150