Question 8 of 20 Capital is ... A. amounts due to lenders of the entity. B. funds received from the bank as a loan. C. investments made by the entity. D. funds/assets contributed by the owner of the entity. Question 9 of 20 Africa Traders is a registered VAT vendor and uses the Periodic inventory system. Africa Traders buys and sells furniture and equipment to customers for cash or on credit. Africa Traders had only one item purchased on credit from their only supplier (Silver Wholesalers). The item was purchased for a total amount of R65 706,23 (exclusive of VAT at 15%) and it was purchased for purpose of trading. The inexperienced Bookkeeper of Africa Traders has prepared the following two purchases journals for the month ending February 2020, as the bookkeeper was not sure what VAT excusive means: PURCHASES JOURNAL - February 2020 P. Doc no Day Details Fol. VAT Input Inventory Creditors 70 R8 570,38 R57 135,85 R65 706,23 20 Silver Wholesalers CL1 R8 570,38 R57 135,85 R65 706,23 4/13 OR PURCHASES JOURNAL - February 2020 Doc no Day Details Fol. PM Creditors VAT Input Purchases 16070 20 Silver Wholesalers CL1 R9 855,93 R9 855,93 R65 706,23 R75 562,16 R65 706,23 R75 562,16 Totals The inexperienced bookkeeper requires your assistance regarding posting the correct purchases journal to the general ledger for the month ending 28 February 2020 Which of the following options of the general ledger accounts reflects the correct posting of the correct purchases journal for the month ending 28 February 2020 to the purchases/Inventory account in the general ledger? A. Dr Cr Purchases account 2020 2020 R R Feb 28 Feb 75 562, 16 28 Creditors control B. Dr Cr 2020 R Inventory account 2020 Feb R Feb 75 562,16 28 Creditors control