VAT Grade 12
Accounting Grade 12 · Term 3 · 1–11 · 1 question
VAT Questions and Answers Grade 12
1 exam question on this topic from Accounting Grade 12 past papers, each with a full answer.
What the ATP covers
Calculation of VAT payable or refundable. Completion of the VAT control account using ledger entries.
Textbook: CAPS Annual Teaching Plan, Grade 12, Term 3: VAT, Budgeting, and Trial Examination.
Exam Questions
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VAT = amount including VAT \(\times\) \(\frac{15}{115}\)
\(36\ 915 \times \frac{15}{115}\)
R4 815