Question 1 (30 Marks) The cash account for ASA industry showed a balance of R22000 on December 31, 2021. The bank statement as of the same date showed a balance of R25000. After comparing the bank statement with the cash records, the following information was determined: 1. The bank issued a credit memorandum for R24 interest earned on ASA’s account. 2. Deposits in transit as […]
Posted: June 27, 2024
The following are some of the transactions of the transactions of Nkosephayo Shop during November during November 2008. Transaction for November 2008: 1. Cash Sales R 1 632 (Cost Price R 1 088). 2. Sold goods on credit to : • Rough R4 599 (Cost price R3 066). • F Fine R976 (Cost price R651). 3. Paid the Wages directly into the bank account of […]
Posted: June 27, 2024
Question 1 The following extracts were made from the books and records of Sandy Dandy for the year ended 31 December 2022: 1. Cash book summary Receipts Payments R R Opening balance 13 600 Cash sales 36 280 Interest 890 470 Additional capital introduced 25 000 Rental of premises 2 220 Trade creditors (all for purchases) 48 875 […]
Posted: February 9, 2024
Question 1 The following extracts were made from the books and records of Sandy Dandy for the year ended 31 December 2022: 1. Cash book summary Receipts Payments R R Opening balance 13 600 Cash sales 36 280 Interest 890 470 Additional capital introduced 25 000 Rental of premises 2 220 Trade creditors (all for purchases) 48 875 Telephone and postage 2 160 Trade debtors […]
Posted: August 28, 2023
QUESTION 1 (a) In order for efficient system of registration of title to land to be possible it must be surveyed and represented on which 2 (two) essential maps ? (2) (b) Can Sale of land be done verbally and what is the reason? (2) (c) By whom will a Certificate of Compliance be requested and according to which Legislation? (2) (d) What is a […]
Posted: May 20, 2023
