QUESTION 1
NO Source Account Account Equation
document debit credit effect on
accounting
O C
A
1 Capital Capital bank R 15 000
contributed
2 Debit written Bad debts Bank R30 000
off
3 Cash cash Cash R500
transaction
4 Returned Bank Sundry R800
cheque accounts
QUESTION 2
No Date Details Bank Sales Sundry
account
1 31/01/19 Cash receipt R63 519 R 23 500 R40019
2 31/01/19 Receipts R63 519 R63519
payments
QUESTION 3
TRIAL BALANCE
Transaction Debit Credit
Consumable goods on hand R570
Equipment R150 000
Loan R37 000
Accrued in come R12 862
Accumulated depreciation R24 000
Drawings R8400
Cash float R2400
Net profit for the year R28 363
Fixed deposit R48 000
Arrears expenses R7680
Vehicle R37 400
Capital
Accumulated depreciation (vehicle) R370 000
Land and building R91 000 R21 000
Provision for bad debt R21 950
Debtors control R29 000
Trading stock R33 900
Creditors control R16 980
TOTAL R414 550 R586 185
Additional account
Transaction Debit Credit
Depreciation expenses vehicle R21 600
Depreciation expenses equipment R16 812
Vehicle R39 000
Accumulated depreciation R51 000
New vehicle purchase R120 000
Total R197 412 R51 000
BANK RECONCILIATION STATEMENT FOR THE TRADERS
DESCRIPTION AMOUNT ZAR
Bank balance as per bank statement R116
Add :outstanding deposits R400
Less :outstanding deposit R840
Adjusted bank balance R124
Summary of findings
Outstanding deposit : they are included and verified
Outstanding deposit :These are cheques not yet presented for payment
Differences
Cash book balance Amount
Cash balance as per R64 407
books
Add: receipts recorded R40019
Less payments made R2081
Adjusted cash book balance R102 345
2.3 Bank reconciliation statement on 31 October 2019
Bank statement Amount
Bank balance as per bank R63 519
Add : Deposit not recorded
Less : Outstanding
Adjusted bank balance
CASHBOOK Amount
Cash balance as per R63 500
books
Add : receipts recorded R40 019
Less payments made
Adjusted cash book balance
CASH JOURNAL
DOC NO PAYEE BANK AMOUNT
112 R.H.848 R148
113 R.S.512 R176
114 M.VUNJE R580
115 N.S.860 R189
116 N.S.1840 175
117 N.88 400 R125
118 Z.TAMBO R175
