- Time Left 01 04 19 Question 2 Not Yet Answered Marked Out Of 3 00 The Accounting Firm Tops Traders Is Registered As A V 1 (44.12 KiB) Viewed 66 times
Time left 01:04:19 Question 2 Not yet answered Marked out of 3.00 The accounting firm, Tops Traders is registered as a VAT vendor. VAT is charged at 15%. On 27 March 2022, the owners approved sponsoring the tuition fees of a newly registered accounting student from a rural area. An amount of R6 900 for the first semester tuition fees was paid to SA University via an EFT. The entry on 27 March 2022 in a book of first entry will be: Select one: a. In the bank column - R6 900; In the VAT input column - R900; and In the sundries column - Donations - R6 000. b. In the bank column - R6 900; In the VAT output column - R900; and In the sundries column - Donations - R6 000 C. In the bank column - R6 900; and 0