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Question 13 of 30 2 Points A debtor of the business, Mr S Baloyi, settled his account of R3 000 by making an EFT payment

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Question 13 of 30 2 Points A debtor of the business, Mr S Baloyi, settled his account of R3 000 by making an EFT payment of R2 800 to settle his account in full. The business uses a periodic inventory system. Which option below reflects all the accounts in the general ledger of the business that will be affected by the transaction? A. Debit - Debtors control: Credit Bank B. Debit-Bank: Credit - Debtors control C. Debit-Bank and settlement discount received; Credit - Debtors control OD. Debit-Bank and settlement discount granted: Credit - Debtors control O Reset Selection Question 14 of 30 Question 14 of 30 2 Points On 17 June 2019 Gariep Traders purchased goods valued at R30 000 on credit. The entity uses the perpetual inventory control system. What will the effect of the transaction be on the accounting equation? A. Equity will increase with R30 000, and liabilities will decrease with R30 000. B. Equity will decrease with R30 000, and liabilities will increase with R30 000. C. Assets will decrease with R30 000, and liabilities will decrease with R30 000. op. Assets will increase with R30 000, and liabilities will increase with R30 000. Reset Selection Question 15 of 30 2 Points Beka Traders made an error by posting a payment of R1 500 to the insurance account instead of the municipal services account in the general ledger. Which option below reflects the entry for the correction of the error? A. Debit - Insurance; Credit Bank B. Debit - Insurance; Credit - Municipal services C. Debit - Municipal services: Credit - Insurance D. Debit - Municipal services; Credit Bank Reset Selection

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