Sciences SECTION A THIS SECTION IS WORTH FORTY PERCENT (40%) OF THE OVERALL MARK YOU MUST ATTEMPT ALL FIVE (5) QUESTIONS EACH QUESTION IS WORTH EIGHT (8) MARKS QUESTION A1: Waseem bin Qahtan is a VAT registered theatrical and actors' agent. During the retum period the following income and expenses were recorded: Purchases (costs of goods excluding VAT): Equipment for use in the business Material and thread for costumes Restaurant bills for entertaining UK gostomers Entertainment bill for overseas customers Car repair bills (used 1% in the business) 3,000 1,340 2,300 5,200 1,200 Sales (full price excluding VAT): Children's clothes Agency fees Theatrical books 450 132,000 2,050 Required: (a) Calculate the VAT due for this return period, showing input and output VAT figures for each item above. (5 marks) (b) Comment on how theatrical supplies taken by the owner of the business would be recorded for VAT (3 marks) Word count 60 words (Total: 8 Marks)