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- 5 - Question 3 ( continued ) PART B 1 7 marks ( 2 1 minutes ) Ignore VAT for the purposes of this

-5- Question 3(continued) PART B 17 marks (21 minutes) Ignore VAT for the purposes of this question. You have recently been employed as the accountant of Andibhatali Traders. The business operates from its premises in Alice. It is the end of the month of May and the business is preparing to pay its creditors. The owner Mr. Andibhatali does not have any formal training in Accounting and is thus relying heavily on you to assist with the accounting and payment of creditors. You have been presented with a statement received from one of your suppliers (see Figure A below) and the subsidiary ledger of the same supplier in the accounting records of Andibhatali Traders for the month of May 2015(see Figure B below). Figure A: Statement from Creditor NOTES: Invoice 180 relates to a different debtor of Unetyala. It was erroneously recorded by Unetyala in the account of Andibhatali. Figure B: Creditors Ledger of Unetyala Statement received from the creditor Unetyala May 2015 DEBTOR: Andibhatali Traders: DATE DETAILS OF TRANSACTIONS DEBIT CREDIT BALANCE 01 Balance 1550008 Invoice 10032501875012 Receipt 137951495515 Invoice 15070002195518 Credit note 1010002095522 Invoice 18012252218024 Invoice 19025002468025 Invoice 200*88025560 Subsidiary ledger of Andibhatali Unetyala May 07 Purchases returns 1000 May 01 Balance 1550012 Bank 379508 Purchases 325029 Bank 500015 Purchases 700029 Purchases returns 50024 Purchases 250031 Balance 2393525 Purchases*98028 Purchases 50003423034230 June 01 Balance 23935

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