Question: 3.2 REQUIRED Use the information provided below to prepare the following accounts in the general ledger of Protea Traders. Note: The accounts must be closed

3.2 REQUIRED Use the information provided below to prepare the following accounts in the general ledger of Protea Traders. Note: The accounts must be closed off. 'Please remember to include VAT when answering questions 3.2.1 and 3.2.2 3.2.13.2.2VATInputVATOutput ( 5 marks) (5 marks) INFORMATION The information given below was extracted from the records of Protea Traders, a registered VAT vendor, for June 2022. VAT is levied at 15\%. None of the products sold by Protea Traders are zero-rated or VAT exempt
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
