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Resource Name: |
Value Added Tax and Calculations
(129.5 Kb) |
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Resource Description: |
This lesson is about what is VAT concepts, calculations and VAT accounts |
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Resource Status: |
Approved Resources |
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Resource Tags: |
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Resource Type: |
Teacher Guide |
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Resource Media Type: |
doc |
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Resource Licencing Condition: |
Creative Commons: Attribution-Non Commercial – No Derivatives |
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Resource Language: |
English |
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Teacher Context: |
It is important for learners to understand the concepts of VAT, how VAT is calculated and the movement of VAT from consumers to retailers, suppliers and SARS. learners need to know how to calculate VAT and use the VAT accounts. |
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| Curriculum Links |
| Learning Level / Learning Area |
 | South African Education Sectors |
| | SA Schools |
| | | Further Education and Training |
| | | | Grade 10 |
| | | |  | Accounting |
| | | | Grade 11 |
| | | | | Accounting |
| | | | Grade 12 |
| | | | | Accounting |
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Outcomes / Assessments
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| Outcomes |
| | | ACC.LO1(FET) | Demonstrate knowledge, understanding and the application of financial
information according to generally accepted accounting practice and concepts.
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| | | | AS11.1.7 | Perform elementary VAT calculations.
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| | | | AS12.1.7 | Apply the principles of VAT in different situations. |
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| | | | AS10.1.7 | Explain basic VAT concepts. |
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