Question: Swift Construction, located in Gauteng, specialises in constructing tiny homes. Mr Swallow is the owner of Swift Construction. The business is a registered VAT vendor.

Swift Construction, located in Gauteng, specialises in constructing tiny homes. Mr Swallow is the owner of Swift Construction. The business is a registered VAT vendor. In March 2024, Swift Construction had a favourable bank balance. The VAT rate is 15%. On 31 March 2024, Swift Construction received R22 360 (VAT exclusive), from Mr Davis, via a direct deposit, for the rent of a construction vehicle. Receipt number 001 was issued. Required: Record the transaction on 31 March 2024 in the correct subsidiary journal of Swift Construction. Instructions for numeric responses: 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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (eg: 0) 4. If a column name is not applicable, choose N/A from the dropdown menu. 5. Only show the amount, de not show the R (eg: 1000)Swift Construction -March 2024 Sundry accounts Doc Day No Details Fol Bank Sales VAT Amount Fol Details R001 31

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