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Question 9 of 20 Africa Traders is NOT a registered VAT vendor. Africa Traders buys and sells furniture and equipment to customers for cash or
Question 9 of 20 Africa Traders is NOT a registered VAT vendor. Africa Traders buys and sells furniture and equipment to customers for cash or on credit The Bookkeeper of Africa Traders correctly prepared the folowing purchases journal for the month ending 28 February 2020 and requires your assistance with regards to the month-end posting in the general ledger: PURCHASES JOURNAL - February 2020 RUM Doc no Day Details Fol. Purchases Creditors 3085 R21 479,48 R21 479,48 15 21 3066 R24 701,41 R24 701,41 20 Tiger Wholesalers SG Wholesalers Totale CL2 R46 180,89 R46 180.89 Africa Traders post individual transactions to the relevant subsidiary ledgers on a daily basis and only post from subsidiary journals to the control accounts at the end of the month in the general ledger. Which of the following options of the general ledger accounts reflects the corect posting of the above purchases Journal for the month ending 28 A Dr Creditors control Cr 2020 R R 2020 Feb Feb 46 180,89 28 Creditors B. Dr Cr 2020 R R Creditors control 2020 Feb 28 Purchases Feb 28 46 180,89 c. Dr Cr Creditors control 2020 2020 R R Feb 28 Feb 28 46 180,89 Purchases and VAT input . D. Dr Cr Creditors control 2020 2020 R R 28 Feb 46 180,89 Feb Inventory and input VAT
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