Exam (elaborations)
FAC1502 ASSIGNMENT 2 SEMESTER 2 2022
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This document contain FAC1502 ASSIGNMENT 2 SEMESTER 2 2022 Expected Questions and Answers
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By: noxolopamela • 1 year ago
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If the closing balance of the VAT input account andVAT output account for the month ended 31
December 20.20 amount to R4 566 and R16 /80,
respectively. Is the following statement true or false
about the VAT control account for the month ended
31 December 20.20.
The VAT control account will be debited with the
amount of the VAT input account of R4 566 and
credited with the amount of the VAT output account
of R16 780.
Select one:
True ¥
False
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