7.3 Calculate the amount of VAT payable to OR receivable from SARS on 28 February 2015. (You may draw up a VAT Control Account to assist you in your calculations) (335 502 x 14 /114) VAT Input: 41 202 + 6 440 + 1 168 = R48 810 (Dr) VAT Output: 34 160 + 350 + 1 190 = R35 700 (Cr) (244 000 x 14%) (9690 - 8 500) OR (8 500 x 14%) VAT amount: 2 850 + 35 700 - 48 810   (see calculations above) = R10 260 receivable from SARS  check operation + comment OR
7.3 Calculate the amount of VAT payable to OR receivable from SARS on 28 February 2015. (You may draw up a VAT Control Account to assist you in your calculations) (335 502 x 14 /114) VAT Input: 41 202 + 6 440 + 1 168 = R48 810 (Dr) VAT Output: 34 160 + 350 + 1 190 = R35 700 (Cr) (244 000 x 14%) (9690 - 8 500) OR (8 500 x 14%) VAT amount: 2 850 + 35 700  - 48 810  (see calculations above) = R10 260 receivable from SARS  check operation + comment OR