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The following are miscellaneous transactions for Simvox for April 2021. The business is a registered VAT vendor and trades only with registered VAT vendors who

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The following are miscellaneous transactions for Simvox for April 2021. The business is a registered VAT vendor and trades only with registered VAT vendors who can provide tax invoices. The business charges 15% VAT on all its sales. All amounts are inclusive of VAT unless VAT is not applicable. The business uses the perpetual inventory method. The business makes use of separate VAT input and VAT output accounts. Required: Show how the above transactions will affect the accounting equation and enter how the accounts in the general ledger will be affected. See the example below. Example: Received a mortgage loan of R 200000.00 in the form of cash: The following are miscellaneous transactions for Simvox for April 2021. The business is a registered VAT vendor and trades only with registered VAT vendors who can provide tax invoices. The business charges 15% VAT on all its sales. All amounts are inclusive of VAT unless VAT is not applicable. The business uses the perpetual inventory method. The business makes use of separate VAT input and VAT output accounts. Required: Show how the above transactions will affect the accounting equation and enter how the accounts in the general ledger will be affected. See the example below. Example: Received a mortgage loan of R 200000.00 in the form of cash

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