Introductory Accounting N4 — Document

June 2018 — N4 — Introductory Accounting

N4 2018 Nated Business

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🎯 2 marks ⏱️ 3h 📄 8 pages 📝 23 items found 📚 4 topics

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Q1— Section header —

1.1Complete the trading account and profit and loss account in the general ledger of Siyabonga Nkulu for the year ending on 30 July 201

1.2Draw up the balance sheet for the year ended 30 July 201

1.3Show the notes to the balance sheet. TRAIL BALANCE OF SIYABONGA NKULU ON 30 JULY 2016 BALANCE SHEET SECTION DEBIT CREDIT Capital Drawings Land and buildings

Q2— Section header —

Q3— Section header —

Q4— Section header —

4.1Make the supplementary entries in the cash receipts journal and cash payments journal of Truscott Bakery on 30 June 201 . Close off only the bank column totals in both journals on 30 June 201

4.2Prepare the bank account in the general ledger of Truscott, properly balanced, on 30 June 201

4.3Prepare the bank reconciliation statement of Truscott Bakery on 30 June 201 Prepare the bank reconciliation statement of Truscott Bakery on 30 June 201

2.1The bank account had a debit balance of 880

2.2The following cheques had not y et been presented for payment: No. 56 R 12 000 No. 63 R 14 100 No. 70 R 10 300

2.3Cheque no. 970 to the value of R2 950, issued to the creditor Filton Dealers n 1 January 201 has become stale. A new cheque will be posted on 3 July 201

2.4A cheque issued by Turcoman Traders, another client of the bank to th value of R31 000 appears on the business bank statement.

2.5Capitec Bank debited the current account of Truscott Bakery with the following amounts: Cost of cheque book Service fees Tax levies Interest on overdraft

2.6A credit on 17 June 201 of R16 700 was in respect of a deposit that Truscon Bakery made directly on their account, but it appeared on the business bank statement.

2.7The bank statement showed a debit order of R8 700 in favour of lientele in payment of the business monthly insurance.

2.8The bank had not yet credited a deposit of R38 000 which was made on 30 September 201

2.9The bank statement showed a monthly stop order for R23 000 in favour of Samba. This was to pay the account of the owner's wife.

2.10A review of the bank statement for June 201 showed that a deposit of R5 500 was made by another client of the bank.

2.11A cheque for R3 300 during June 201 as payment for cash purchases was recorded in the cash payment journal as R330. Thi s error must be rectified.

2.12Katella deposited R11 200 directly into the current account of the business in payment of his rent and R8 710 in payment of his account.

2.13A cheque of R31 745, received from the debtor Victor, had been dishonoured on account of insufficient funds. [3 TOTAL

Topics Identified

Bank ReconciliationFinancial StatementsDebtors ControlCreditors Control

Mark Allocation

Total200 marks

Sections54 + 24 + 87 = 165 marks

Paper information

TitleDocument

SubjectIntroductory Accounting

LevelN4

Document typeQuestion paper

Year2018

MonthJune

Pages8

Downloads6

Examination context

Decade2010s

Years ago8y

SeasonWinter (SH)

Start dayFriday

Exam periodJune 2018

Days since exam3,053

About Introductory Accounting examination preparation

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