Question 18 of 20 At 31 August 2020, the financial year-end of Sibasa Traders, the following information was obtained from the entity's accounting records: Sales Purchases Sales returns Purchases returns Settlement discount received Settlement discount granted Inventory (1 September 2019) Inventory (31 August 2020) Rental income Insurance R 250 000 90 000 10 000 8 000 6 000 4 000 15 000 20 000 25 000 5 000 Which one of the options below reflects the correct trading account of Sibasa Traders as at 31 August 2020? A. Dr 2020 Aug 31 Inventory Purchases Insurance Profit or loss account Trading account R 2020 15 000 Aug 31 82 000 5 000 183 000 285 000 Inventory Sales Rental income R 20 000 240 000 25 000 285 000 Cr B. Dr 2020 Aug R 31 Inventory Sales Rental income Trading account R 2020 20 000 Aug 31 240 000 25 000 Inventory Purchases Insurance Profit or loss account 15 000 82 000 5 000 183 000 285 000 285 000 C. Dr 2020 Aug 31 Inventory Trading account R 2020 15 000 Aug 31 Inventory Cr R 20 000 Sales 236 000 Purchases Proft or loss account 76 000 165 000 256 000 256 000 D. Dr 2020 Aug Trading account R 2020 20 000 Aug 31 236 000 31 Inventory Sales Inventory Purchases Profit or loss account Cr R 15 000 76 000 165 000 258 000 256 000