Ans: 3.1.
Date | Particulars | Amount | Date | Particulars | Amount | ||
31.03.19 | To Int on FD | 1800 | 31.03.19 | By Balance b/d | 15600 | ||
31.03.19 | To AB Stationers | 600 | |||||
31.03.19 | To VB Traders | 1440 | |||||
31.03.19 | To Balance c/d | 11760 | |||||
15600 | 15600 | ||||||
Ans: 3.2. Bank Reconciliation Statement as at 31st March, 2019
Particulars | Amount | Amount | |
Overdraft Balance as per Bank Statement | 11920 | ||
Less: | Deposit made by Swaky Traders in Feb 2019 | 1600 | |
10320 | |||
Add: | Entry wrongly credited in the books | 1440 | |
Credit Balance as per Books | 11760 |
QUESTION 3 (20 MARKS) ECONCILIATION BANK RECONCI tracted from the aucune The following information was extracted...
QUESTION 3 BANK RECONCILIATION (20 MARKS) a t was extracted from the accounting records of Swanky Traders 3.1 Ota ALE The following information was extracted from the ac REQUIRED Prepare the Bank account in the Ledger of Swanky information below that would have been made each entry. Balance the Bank account in te Ledger of Swanky Traders for March 2013 showing the entries from the at would have been made in the Cash Journals. Show clearly the contra account for...
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1 Discuss the five macroeconomic goals of south africa and why
they are important.
2. Distinguish between gross donestic product and gross
national product
QUESTION 3 BANK RECONCILIATION (20 MARKS) 3.1 The following information was extracted from the accounting records of Swanky Traders. REQUIRED Prepare the Bank account in the Ledger of Swanky Traders for March 2019 showing the entries from the information below that would have been made in the Cash Journals. Show clearly the contra...
QUESTION 3 BANK RECONCILIATION (20 MARKS) The information given below was extracted from the accounting records of Sunrisers Traders. REQUIRED 3.1 Complete the Cash Receipts Journal and Cash Payments Journal of Sunrisers Traders for March 2016. All entries must indicate the correct contra ledger account in the Details column. Cast the Journals. Use the following format: (10) Cash Receipts Journal Details Bank Total Cash Payments Journal Details Bank Total 3.2 Post to the Bank account in the General ledger. Balance...
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2.2.3 Explain what you understand by the term "Output tax" (Output VAT). 3. INFORMATION Ritz Traders is a registered VAT vendor. VAT is levied at a rate of 14%. The total sales of Ritz Traders according to the cash register slips for the year amounted to R201 000 (including VAT). This amount included zero-rated items that were sold for R30 000 The total purchases for the year excluding VAT amounted to R150 000. This amount included R24 000 paid for...
cial Accounti... x MANCOSA SHORT QUESTION (ESSAY / CASE STUDY / EXERCISE) MODULE FINANCIAL REPORTING AND ANALYSIS FUNDAMENTALS OF FINANCIAL ACCOUNTING TOTAL MARKS 20 MARKS QUESTION 1 BANK RECONCILIATION (20 MARKS) The information given below was extracted from the accounting records of Dweb Stores REQUIRED 1.1 Complete the Cash Recipes Journal and Cash Payments Journal of Dweeb Stores for March 2019 ortaking the information provided into account Use only the columns illustrated below. In the details column write down the...
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Question 1 Information was taken from the books of Sithole Traders for May and lune 2019 Bank reconciliation statement of Sithole Traders as at 31 May 2019 Details Amount (R) Balance per bank statement (favourable) Outstanding cheques: No, Cq358 (dated 28 December 2018) 5 242 3 140 6 178 2 132 11 310 5 102 No. Cq425 (dated 28 May 2019) No. Cq427 (dated 31 May 2019) Outstanding deposits Balance per bank account on...
(20) QUESTION 3 The trial balance, adjustments and additional information given below were extracted from the accounting records of Mkhize Traders on 28 February 2017, the end of the financial year. FINANCIAL STATEMENTS REQUIRED Prepare the Statement of Financial Position of Mkhize Traders as at 28 February 2017. The notes to the financial statements are not required. Where applicable, show calculations in brackets. INFORMATION CONCHA TRADERS PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2017 Credit (R) Debit (R) Balance sheet accounts...
Q3. (25 marks) The following information is available to Sunwing Company to prepare its bank reconciliation at the end of March 2022: The company recorded a $1,764 cheque in payment of an account payable incorrectly as $1,674. The bank charged the company $45 for monthly standard service charges. A review of cashed cheques returned with the bank statement indicated that cheques amounting to$3,431 had not been cashed by March 31. March 31 general ledger Cash account balance is $12,010. The...
Q3. (25 marks) The following information is available to Sunwing Company to prepare its bank reconciliation at the end of March 2022: The company recorded a $1,764 cheque in payment of an account payable incorrectly as $1,674. The bank charged the company $45 for monthly standard service charges. A review of cashed cheques returned with the bank statement indicated that cheques amounting to$3,431 had not been cashed by March 31. March 31 general ledger Cash account balance is $12,010. The...