What does the “+” and the “-” stand for in the accounting equation exercises that are recording VAT?

VAT output is a Liability account. When you credit VAT output, it will increase (+). The only time you debit VAT output (-), is when the account is closed off to the SARS (VAT) account (control account).

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SACOB

South African College of Business

What does the “+” and the “-” stand for in the accounting equation exercises that are recording VAT?