VAT double entry

[@brawle013jc6]

I can't tell you how many videos I have looked through to find the answers you gave me, THANK YOU

[@jacopieterse4325]

Jesus!!! Where has this video been all this time? Thank you very much

[@hannaj1577]

This was a very good explanation....it assisted a lot😽🤗

[@siyagoat]

You're a life saver Diane.

[@simplywow4899]

Very Good Explanation. Thank you very Much

[@kyejenkinson1418]

Thank you very much for making this video

[@SindisiweMabuyakhulu]

Very good explanation

[@panashevuragu713]

THANK YOU FOR THE VIDEO , howeverthe 15960 recoreded in the VAT input should be 1960

[@Diogenis33]

EXCELLENT VIDEO!

[@naveedashraf9620]

Dear Ma,am Please check the entry of VAT input ledger the amount is 1960 instead 15960.

[@ahmedkassem3511]

Great

[@LaviniaNdeitwa]

Where did you get the vat amounts in the leger account for example the amount 28 when you were dealing with the discount

[@michaeledmeston2785]

I think that is an error. The 28 should be 31.92 (using 14% as video was posted in 2017) based on the 228 discount (she even says this is the total amount used to calculate the VAT amount). 195.08 would be the correct amount payable by SARS to the business. Note, this video was made when VAT was 14%, so I'm guessing it was a maths error by the author as 14 x 2 = 28.

[@bigheros2078]

What is the accounting treatment on deemed supplies?

[@bitsinternet_cafe3724]

At 5:15 you debited the total cost price of R15 960 into the VAT INPUT ACCOUNT instead of the actual VAT amount of R1960

[@williamesungetgg5069]

INDEED JESUS YOU ARE HIGHLY LIFTED UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@kassabjoe9340]

I love you ma'am

[@rutendomazengura2215]

thank you

[@NcamsileHlela]

Thank somuch

[@sizakelezikalala8167]

thank you so much

[@athenkosiandancoko4226]

Are these calculations correct? Or can someone pls explain in detail how she got to these numbers

[@michaeledmeston2785]

Yeah, I think some errors. Maybe on purpose...Tax evasion...

[@waqaswali1081]

Very well explained...

[@fashionaholik5744]

that is so wrong, you need to go back to school