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January 2022 Exam Question 1 Date Eg 1 Sibalicious Caterers for the month ended 31 March 2021 Example: Sibah Dube contributed R160 000 by making
January 2022 Exam Question 1 Date Eg 1 Sibalicious Caterers for the month ended 31 March 2021 Example: Sibah Dube contributed R160 000 by making an electronic funds transfer (EFT) from her personal investment account to the business account. Account debited 2 3 5 7 15 18 25 28 30 31 Assets R +160 000 +140 000 +90 000 (36 000) (6 800) +43 000 (43 000) (15 700) +30 000 +20 000 (25 160) +54 500 0 (9 000) Equity R +160 000 +140 000 0 0 Solution (6 800) 0 (15 700) + 50 000 (23 000) (2 160) +34 500 +20 000 +3 000 (3 000) 0 Liabilities R 0 0 +90 000 (36 000) 0 0 0 0 0 0 Accounting 1 0 (9 000) 1 Bank Vehicles Equipment Creditor: Cater Advertising Furniture Consumable Bank Debtor: Dock Wages Electricity Bank TUTORIAL Drawings Creditor: Cater Account credited Capital: Sibah Capital: Siba Creditor: Cater Bank Bank Bank Bank Catering fees Bank Catering fees Hiring fees Consumables Bank
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