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If the closing balance of the VAT input account and VAT output account for the month ended 31 November 20.9, amounted to R6 791 and
If the closing balance of the VAT input account and VAT output account for the month ended 31 November 20.9, amounted to R6 791 and R22 811, respectively. Which one of the following statements are true about the VAT control account for the month ended 31 November 20.9: (a) The VAT control account will be debited by the amount of the VAT input account of R6 791 and credited by the amount of the VAT output account of R22 811. (b) The VAT control account will be debited by the amount of the VAT output account of R22 811 and credited by the amount of the VAT input account of R6 791. (c) The VAT control account will reflect a refund of R16 020. (d) The VAT control account will reflect a payment due to SARS of R16 020 (e) The VAT control account is used to determine the amount to be paid to or to be claimed from SARS, A. (b), (d) and (e) B. (b), (c) and (e) C. (b) and (c) D. (a), (d) and (e) E. (a), (c) and (e) Best Selection
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