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The following VAT balances were extracted from the subsidiary journals of Africa Traders as at 2 8 February 2 0 2 2 . R Cash
The following VAT balances were extracted from the subsidiary journals of Africa Traders as at February
R
Cash receipts journal
VAT input
VAT output
Cash payments journal
VAT input
VAT output
Purchases journal
VAT
Sales journal
VAT
Purchases returns journal
VAT
Sales returns journal
VAT
On February the VAT input account had a debit opening balance of R and the VAT output account had a credit opening balance of R
Calculate the closing balance of the VAT output account as at February
NB: Instructions
Do not type the amount with any spaces as separators for thousands eg:
Only show the amount, do not show the R eg:
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