The following VAT balances were extracted from the subsidiary journals of Africa Traders as at 28 February 2022. RCash receipts journal VAT input530,00VAT output14 112,00Cash payments journal VAT input9 015,30VAT output595,35Purchases journal VAT6 019,65Sales journal VAT7 728,00Purchases returns journal VAT771,75Sales returns journal VAT502,32 On 1 February 2022, the VAT input account had a debit opening balance of R14 200 and the VAT output account had a credit opening balance of R13 480.Calculate the closing balance of the VAT input account as at 28 February 2022NB: Instructions1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)2. Only show the amount, do not show the R (eg: 12141.72)Answer:

The following VAT balances were extracted from the subsidiary journals of General Spaza Shop as at 28 February 20.2. RCash receipts journal VAT input4 600VAT output87 400Cash payments journal VAT input126 500VAT output6 900Purchases journal VAT75 900Sales journal VAT144 900Purchases returns journal VAT9 200Sales returns journal VAT11 500 On 1 February 20.2, the VAT input account had an opening balance of R161 000 and the VAT output account had an opening balance of R239 200.Calculate the closing balance of the VAT output account as at 28 February 20.2.Instructions:1.  Use a full stop to indicate any decimals (eg: 1000.01)2.  Round off to the second decimal after the full stop (eg: 50.56)3.  For embedded questions spelling is very important. If you spell the answer incorrect it will be marked incorrect. Please make sure that your spelling of the words is correct.4.  Keep the ledger entries strictly according to the information given.GENERAL SPAZA SHOPGENERAL LEDGERDrVAT outputCr20.2Answer  Answer   SRJ RAnswer 20.2Answer Answer  b/d RAnswer  Answer GJ Answer Answer Answer CRJ Answer      Answer  CPJ Answer       Answer  SJ Answer            Answer    Answer

SA Traders is registered as a VAT vendor. The applicable VAT rate is 15%. The periodic inventory system and control accounts are used by the entity.On 5 March 2022 SA Printers completed printing for SA Traders to the value of R3 420,00 and was paid with an electronic funds transfer.The entry will be recorded in the journal with columns for bank, purchases, creditors, wages, VAT input, VAT output (cr) and sundry accounts as follows:Select one:a.In the bank column - R3 420,00, in the VAT output column - R446,09 and in the sundry accounts column - printing expense of R2 973,91.b.In the bank column - R3 420,00, in the VAT input column - R446,09 and in the sundry accounts column - printing expense of R2 973,91c.In the bank column - R3 420,00, in the VAT input column – R513,00 and in the sundry accounts column - printing expense of R2 907,00.d.In the bank column - R3 420,00, in the printing expense column - R2 973,91 and in the VAT input column - R446,09.e.In the bank column - R3 420,00, in the printing expense column - R2 973,91 and in the VAT output column - R446,09.

SA Traders operates as a hardware store and is a registered VAT vendor. The applicable tax rate is 15%. SA Traders makes use of the periodic inventory system, as well as control accounts. The transaction amounts are VAT inclusive where applicable.On 4 February 2022, SA Traders purchased stationery for use in the office and paid R1 120 in cash. The transaction will be entered into the .... as book of first entry.Select one:a.cash receipts journalb.purchases journalc.cash payments journald.general journal

The transactions of the Stori Imbambe Store are recorded in the general journalbelow.General Journal_____________________________________________________________________Date Account Titles and Explanation Debit Credit_____________________________________________________________________2016Aug. 5 Accounts Receivable 2,500Service Revenue 2,50010 Cash 3,000Service Revenue 3,00019 Rent Expense 1,000Cash 1,00025 Cash 1,400Accounts Receivable 1,400Required:Post the journal entries to T-accounts and balance off the accounts as at August 31,2016. (14 marks)*END*

The following balances were extracted from the accounting records of SA Traders at 31 December 2023.  REquipment  405 000Bank (Cr)100 000Long term loan220 000Trade payables control85 000Inventory15 000Trade receivables control79 000 The equity amount of SA Traders at 31 December 2023 is as follows?Select one:a.R64 000b.R294 000c.R94 000d.R194 000