Question 29 of 30 3 Points At 30 April 2020, the financial year end of Mmabatho Traders the entity's accounting records showed that the cash received for the interest income on the fixed deposit for the financial year was Rs 100 Mmabatho Traders has a fixed deposit of R90 000 invested for five years at an interest rate of 12% per year. The fixed deposit of R90 000 was invested in 2017 Which one of the options below reflects the correct entry for the necessary adjustment in the accounting records of Mmabatho Traders for the year ended 30 Apni 20202 A Debit the interest income account with R2 700, and credit the accrued income account with R2 700 OB Debit the interest income account with R900, and credit the accrued income account with R900 C. Debit the accrued income account with R2 700, and credit the interest income account with 2 700 D. Debit the accrued income account with R900, and credit the interest income account with R900. Question 30 of 30 3 Points The following information relates to a bank reconciliation (1) The balance as per the bank account in the general ledger, before taking the items below into account, was R19 800 (favourable) (2) A debit order for R3 000, relating to insurance, that appears on the bank statement has not been entered in the applicable cash journal (3) A deposit of R2 500 that appears on the bank statement regarding a customer who deposited directly into the bank account, has not been entered in the applicable cash journal (4) Cheque payments totalling R4 600 have been correctly entered in the cash payments journal but have not been presented for payment (5) The balance as per the bank statement was R14 200 (favourable) What will the outstanding deposits amount be in the bank reconciliation statement? A. R9 700 B. R28 900 C.R38 100 D. R500 Question 2 of 30 1 Points Outstanding deposits or cheques that were reflected on the previous month's bank reconciliation statement, will still be reflected in the current month's bank reconciliation statement as long as ? A. deposits or cheques that were outstanding on the previous month bank reconciliation statement will never be reflected in the current month bank reconciliation statement, regardless of the reasons as they were addressed on the month bank reconciliation statement. B. deposits or cheques are still not reflected in the current month bank statement and have not lapsed or cancelled, c. deposits or cheques are cancelled and recorded in the relevant cash journals. D. deposits or cheques are now reflected in the current month bank statement and not in the current month cash journals. Reset Selection