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Zack's Hardware, NOT a registered VAT vendor, makes use of the periodic inventory system. The following is an extract from the financial records of Zack's
Zack's Hardware, NOT a registered VAT vendor, makes use of the periodic inventory system. The following is an extract from the financial records of Zack's Hardware for January 2023: On month end, the auditors completed a creditors reconciliation and found the following: 1. 30% of total purchases were done on credit. 2. The trade payables column in the cash payments journal were undercast by R400. Required: Complete the trade payables account in the general ledger of Zack's Harchare for the month ending 31 January 2023. Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01 ) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero (" 0) Zack's Hardware, NOT a registered VAT vendor, makes use of the periodic inventory system. The following is an extract from the financial records of Zack's Hardware for January 2023: On month end, the auditors completed a creditors reconciliation and found the following: 1. 30% of total purchases were done on credit. 2. The trade payables column in the cash payments journal were undercast by R400. Required: Complete the trade payables account in the general ledger of Zack's Harchare for the month ending 31 January 2023. Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01 ) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero (" 0)
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