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Requirements: 1. Students that contravene the rules in the General Prospectus of the University of Fort Hare will be disciplined in accordance with the said
Requirements: 1. Students that contravene the rules in the General Prospectus of the University of Fort Hare will be disciplined in accordance with the said rules. 2. Only handwritten scripts will be accepted. (No typed scripts will be accepted). 3. Tutorials are to be submitted by 21h00 on Monday, 18 September 2023 via Black Board. QUESTION 1: TRIAL BALANCE (20 Marks: 24 Minutes) You are the bookkeeper of AB Attorneys. Your assistant had some trouble when drawing up a Trial Balance and has now gone on leave. You have been left with a disorganised list of balances from the General Ledger. REQUIRED: Prepare a Trial Balance for the month ended 31 March 2012. QUESTION 2: GENERAL JOURNAL AND GENERAL LEDGER (40 Marks: 48 Minutes) Mr Ntini is a newly qualified attorney and has decided to open his own practice. He is planning on running a very successful practice, and before he commenced trading, he registered as a VAT vendor with SARS. He is a very good attorney but needs assistance with his book keeping. In his first month, March 2012, the following transactions took place in his practice: Note: VAT should be calculated at 14%, where applicable. You are required to: 1. Write up the General Journals to account for the above transactions. (24) 2. Write up and balance the General Ledger accounts for the Bank account and the VAT control accounts only. (16)
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