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10 cards from this deck
Summary account combining Input VAT & Output VAT transactions
SARS owes the business money
Business owes money to SARS
When Input VAT > Output VAT
When Output VAT > Input VAT
Current asset
Current liability
Debit side of VAT Control Account
Credit side of VAT Control Account
Debtors Control, Discount allowed, Bad debts, Bank, Petty cash
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