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ONE [25] Moses, a qualified motor mechanic with 22 years of experience, began his own business, Command Vehicle Repairs. On 1 March 2023, Moses withdrew
ONE [25] Moses, a qualified motor mechanic with 22 years of experience, began his own business, Command Vehicle Repairs. On 1 March 2023, Moses withdrew money from his Retirement Fund and deposited R80 000 into a business bank account on 9 March 2023. The following transactions for the month of June 2023 need to be recorded as required below: Date Transaction details 2023 June 2 A rental agreement for premises occupied on 1 March 2023 stipulated that the rent for the first three months was R1 000 per month. Thereafter the rent increases to R2 000 per month until 28 February 2024 . The June 2023 rent was paid by a direct deposit into the Landlord's bank account. 3
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