50.1K

Verified Solution

Link Copied!

Question 19 of 30 2 Points When performing a bank reconciliation, one of the transactions that an entity can only record in its cash journals once the bank statement has been received, is A. an outstanding deposit not reflected on the bank statement. B. an outstanding cheque not reflected on the bank statement. C. interest charged on an overdraft. D. an incorrect entry made by the bank. Reset Selection Question 20 of 30 2 Points An entity uses the periodic inventory control system and the entity donates inventory to a non-profit organisation. Which account will be debited, and which account will be credited? A. The donations account will be debited, and the inventory account will be credited. B. The donations account will be debited, and the purchases account will be credited. C. The inventory account will be debited, and the donations account will be credited. D. The purchases account will be debited, anthe donations account will be credited. Reset Selection Question 21 of 30 3 Points Jump-start Traders general journal for the month ending 28 February 2020 reflected the following total Jump-start Traders is a registered at vender and all amounts include VAT where applicable as the bookkeeper did not know whether credit losses affects VAT. The posting to the debitor control account in the general ledger has not yet been done Total account of debtors that were written off during the month of R1 840 February 2020 Mr. D Deata's account of R1 150 must still be written off as it is irrecoverable Which one of the following options reflects the correct posting entries regarding the debtors control account in the general ledger of Jump-start Traders for the month anding 28 February 2020? (Round off to the nearest Rand) betit Description Credit losies Vet input Debtor control Credit R3010 R449 R3499 Credit B Description Credits Vat input Debton control Debit R3040 1449 3439 Teht Credit C C Description Credit louis Vatingut Debton control R2 600 R2 950 D CH 2990 Debtors control Credir losses R2990

Answer & Explanation Solved by verified expert

See Answer