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Question Two: Value Added Tax (Total of 17 marks) The credit sales and purchases for the month of December 2021 in respect to Shield

Question Two: Value Added Tax (Total of 17 marks) The credit sales and purchases for the month of December 2021 in respect to Shield & Co were as follows: Net Vat 10% Gross 2021 Dec 1 Sales to L. Odinson 180 20 10 Purchases from S. Rogers Ltd Sales to T. Stark 90 410 31 Purchases from Vision Associates 150 Requirement: a. Calculate the Vat amount and the Gross amount b. Write up all the relevant books and ledger accounts for the month

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