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Question 23 of 30 Points TKB Traders prepared the following subsidiary Journal for the month ending 28 February 2020 The pasting to the debtors control
Question 23 of 30 Points TKB Traders prepared the following subsidiary Journal for the month ending 28 February 2020 The pasting to the debtors control account in the general ledger has not yet been done Cash payment ioural (CJ of TKB Traders for the month ending 28 February 2020 Dute Details Bam Purch Var Debtors Settlement VAT Sunday ME counts roved 28 Tetas Ri R7 000 RT 05 R17 IRED IR The fotowing transactions need to be taken into consideration as the bookkeeper forgot to make the necessary entry in the relevant subsidiary unl A chegue for R1 380 was received from a debtor Miss Schin on 25 February 2020 and it was correctly recorded on the CR. However, the cheque was roumed by the bank marked R/D 27 February 2020 and nortas been made in the meant subsidiary ouma Which one of the following options Sects the correct posting ones regarding the debtors control account in the general ledger of TEK Traders for the month and 28 February 2020 Description Debit Credit Debono R4 255 . Debit Credit Description Behors han 1 360 1 C Description Detto con Debit Credit 114255 fant RA Credit Description Detto control Ban Debit HE 10 R10 Question 24 of 30 3 Points ABC Deliveries bought a delivery vehicle on 1 September 2019 for R200 000. They paid by means of an electronic funds transfer (EFT) for the vehicle. ABC Deliveries is not a VAT vendor What will the effect of this transaction be on the accounting equation? A. Assets (vehicles account) will increase with R200 000, and liabilities (creditors account) will increase with R200 000 B. Assets (bank account) will decrease with R200 000, and assets (vehicles account) will increase with R200 000. C. Assets (bank account) will increase with R200 000, and assets (vehicles account) will decrease with R200 000. D. Assets (vehicles account) will decrease with R200 000, and liabilities (creditors account) will decrease with R200 000. Reset Selection Question 25 of 30 T Beauty is the owner of an entity, Colourful Traders. At year-end, the entity had the following assets and liabilities: R 140 000 40 000 Motor vehicles (carrying amount) Inventory Bank (unfavourable) Debtors Creditors 10 000 120 000 100 000 Equity as at year-end is A. R190 000 OB. R160 000 C. R210 000 D. R180 000 Reset Selection
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