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Q1— Section header —
1.1Various options are given as possible answers to the following question Choose the answer and write only the le tter (A D\ next to the question number (1.1.1
1.1.10\in the ANSWER BOOK.
1.1.1One of the following statements below is not a reason why a business should perform a bank reconciliation statement every month:
1.1.2The source document for recording trading inventory taken by the an internal journal memo. cheque counters foil.
1.1.3Interest earned on the debit side of the bank statement is recorded bank reconciliation on the debit side cash receipts journal as interest on current income cash payment journal as interest on bank overdraft
1.1.4Tumelo raders collects R2 000 cash for services rendered to Mr Fakeni and deposit the money into its bank account. Which of the answer
1.1.5Thabo raders received a settlement amount of R300 from Ms Sima s account who owed the business R330. A discount was offered to her. How will you record the transaction on
1.1.6Which of the following statement is correct in the sequence in which they occurred? An a
1.1.7The owner of the business purchased equipment for the ir new offices. In which journal will this transaction be recorded?
1.1.8ne of the following statements describes non current assets
1.1.9Which of the following statements describes the various elements of financial statements?
1.1.10Which of the different forms of ownership below obtain its capital by inviting the public to buy shares?
1.2The information given below was extracted from the books of Manyike Traders REQUIRED:
1.2.1Complete the CASH RECEIPTS and CASH PAYMENTS JOURNALS on 3 pril 2019 (18\
1.2.2Prepare the ANK ACCOUNT in th e general ledger. (5\
1.2.3Prepare the ANK ECONCILIATION TATEMENT on 3 April
Q2— Section header —
2.1Prepare only the following notes in the statement of financial position: OTE The net profit for the year am ount to R13 980
2.1.1Property, plant and equipment (16\
2.1.2Trade and other receivables (5\
2.1.3Statement of change in equity (4\
2.1.4Trade and other payables (5\ 4010164 Copyright reserved
Q3— Section header —
3.1Prepare the statement of comprehensive income for the year ending on 28 February 2019 (30\ OTE ROUND UP YOUR ANWERS TO THE NEAREST RAND.
Q4— Section header —
4.1As an accountant for City Traders, you are requested to discuss the cash position of the business b y drawing up the statement of cash flow for the year ended on 28 February 2019. (18\
4.2Show the following notes/calculations:
4.2.1Cash received from customers/ clients. (3\
4.2.2Cash paid to suppliers and employees. (9\ 4010164 13 Copyright reserved
Q5— Section header —
5.1Sales account (12\
5.2Purchase account (18\ [30]30
Q6— Section header —
6.1Tuck shop rading account (5\
6.2Subscription fees account (12\
6.3Prepare the statement of profit and loss (13\ 4010164 16 Copyright reserved