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Stop order: Santam insurance for R 1 5 2 0 Fixed deposit interest deposited into the current bank account of R 3 2 5 .
Stop order: Santam insurance for R
Fixed deposit interest deposited into the current bank account of
R
nirect deposit by a debtor, M Brela, for R
The followine transactions in the fuly cash journals did not appear in the
Why bank statement:
Deposits :
Pryments: : RS
Required:
Q Record any differences identified in the July bank reconciliation process in
the supplementary cash book receipts and payments with columns for details
and amount. Begin with the totals before any amendments.
Q Open, post to and balance the July bank account in the general ledger.
Q Prepare the bank reconciliation statement as at July
Question
Select one correct answer for each of the following. Write down only the number of the question
and, next to it the letter of the correct answer.
If you write down more than one answer, no marks will be awarded.
Q A 'debtor' is a business or a person
a our business owes money to
b whom owes money to our business
c our business purchases on credit from
d Sells merchandise to our business for cash
e None of the above.
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