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On 1 May 2 0 . 2 Ms B Nkome owns a supermarket under the tradename BN Traders. BN Traders is a registered VAT vendor
On May Ms B Nkome owns a supermarket under the tradename BN Traders. BN Traders is a registered VAT vendor and the VAT rate applicable is Traders will use the periodic inventory system and entered into the following transactions during May :
tableMaytableReceived bank statement from Cappy Bank and it reflected R intereston a favourable bank balance.tableMade a direct payment to the municipality to pay the water and electricitydeposit RtableBought shop equipment from EQUIP on credit, R and paid Rby credit card as a depositPurchased merchandise on credit from Big Wholesalers, RCash purchases of merchandise from Dairy Wholesalers, Rtable Ms B Nkome increased her capital contribution by depositing R intothe business bank account.tableCash sales of RtableMr T Smith did a direct deposit into the business bank account of R forpart of building sublet to him. lgnore VATtable Ms R Maharaj deposited R directly into the bank account of BN Traders infull settlement of his account which was R
The transactions in the cash receipts journal of BN Traders for May will be
Instructions:
Use a full stop to indicate any decimals eg:
Round off to the second decimal after the full stop eg:
Don't use any special characters & and don't use bold in your answer. It will be marked incorrect.
Do not use any abbreviations.
Please remember the brackets around the amounts must be indicated by a negative amount eg: will be
Keep the transactions strictly according to date sequence.
Wian qution has been provided and it is not applicabie to the specific question. please put a in the amount columin and
If an option has been provided and it is not applicable to the specific question, please put a in the amount column and NA in the detail column. You can also leave the blocks empty because no marks were allocated to the and NA columns. The answer will be marked incorrect, but you will not lose any marks because no marks were allocated to these columns.
BN TRADERS
CASH RECEIPTS JOURNAL MAY
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