Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. The VAT
Mekgoe Florist is situated in the Western Cape. The
business is a registered VAT vendor and makes use
of the perpetual inventory system. The VAT rate is
The following transactions must be recorded in the
subsidiary journals of Mekgoe Florist:
Transaction :
On March Mr Mekgoe withdrew R from
Mekgoe Florist's bank account as the impress
amount to start the petty cash float of Mekgoe
Florist. The money was kept by Mr Mekgoe who
acted as petty cashier.
Transaction :
Transaction :
tablePETTY CASH VOUCHER,NoDate: March Amount,Required for:,RcABC Wholesalers : Packaging material,
Signature: Mc Mekgoe
tableABC Wholesalers
tableTilltableBrown paperbags packs aR eachBPIRtableWrappingpaper rolls R eachWPIRTOTALRCashRChange VAT,RSlip no VAT no Tharkyou
Transaction :
On March Mr Mekgoe completed a
withdrawal slip and withdrew the cash needed from
Mekgoe Florist's bank account to restore the petty
cash impress amount to R
Required:
Record the above transactions in the correct
subsidiary journal of Mekgoe Florist.v
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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