Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The balance of the bank account of XYZ Traders at the beginning of the year amounted to R20 000. During the year, the following transactions
The balance of the bank account of XYZ Traders at the beginning of the year amounted to R20 000. During the year, the following transactions took place: Sales of R5 000 XYZ purchased inventory for R10 000 Goods were sold for R800 Half of these goods sustained damage and were returned by the customer - the customer was refunded the cash owed to him. XYZ purchased a computer for R24 000. What is the bank balance at the end of the year? Assume that all transactions were for cash. Die saldo van die bankrekening van XYZ Handelaars aan die begin van die jaar was R20 000. Gedurende die jaar het die onderstaande transaksies plaasgevind: Verkope van R5 000 XYZ het R10 000 se voorraad aangekoop Goedere is vir R800 verkoop Helfte van hierdie goedere het skade opgedoen en is deur die kliƫnt teruggestuur - die kontant wat hom toekom is aan hom terugbetaal. XYZ het ? rekenaar vir R24 000 aangekoop. Wat is die banksaldo aan die einde van die jaar? Aanvaar dat alle transaksies in kontant was. A. R 8 600 debit balance / debietsaldo B. R9 000 credit balance / kredietsaldo C. R48 600 debit balance / debietsaldo
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started