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The double-entry system of bookkeeping normally results in which one of the following balances on the ledger accounts? A. 1 B. 2 C. 3 D.

image text in transcribedimage text in transcribed The double-entry system of bookkeeping normally results in which one of the following balances on the ledger accounts? A. 1 B. 2 C. 3 D. 4 Company B, a registered VAT vendor has an amount of R3 750 refundable to it from SARS for the month of June 2018. The total invoice amount on sales (inclusive of VAT) is R109 250 for June 2018, how much is the VAT on the total invoice on purchases for June 2018? (All VAT is accounted for at 15% ). A. R18 000 B. R14 250 C. R91 250 D. R98 750

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