Teebat (Pvt) Itd purchased a fridge for resale on 20 October 2019 and received a tax involce for N$3450 (ind. VAT 15%). It paid the supplier N$2300 on 31 October 2019 and the balance on 30 November 2019. It then sold the fridge for N$S750 incl. VAT @ 15%) on 31 October 2019 and issued a tax invoice for the whole amount the same day. It received 70% deposit on the date of invoice. The balance was paid on 15 December 2019. The company uses invoice basis. What is the VAT payable/refundable by Teebat O a N5345 O b. N$300 OcN$225 Od N$450 VAT is an expense to be suffered by: O a. Limited companies dealing with goods on which they are levied O b. All traders, registered for VAT, dealing with goods on which they are levies OC. The final consumer on goods on which they are levied O d. All traders dealing with goods on which they are levied