FAC1501 AND FAC1503 LATEST EXAM PACK 2023

FAC1501
AND
FAC1503
LATEST
EXAM
PACK 2023

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MAY-JUNE 2010




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Solution 1

1.1 ANCO TRADERS

Cash Receipts Journal- April 2010

Details Amount
(R)
Provisional Total 10 062
Creditors Control/ R. Ndlovu (cheque 1 404
cancelled)




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Delivery expenses (cheque cancelled) 264
Interest Income 700
Total Receipts 12 430


Cash Payments Journal- April 2010

Details Amount (R)
Provisional Total 12 570
Donations 550
Creditors Control/ R. Ndlovu (cheque reissued) 1 404
Telephone (1980-1818) 162
Debtors Control (A. Botha) 540
Bank Charges (44+60+280) 384
Total Payments 15 610

1.2 ANCO TRADERS

GENERAL LEDGER- APRIL 2010

Bank Account
2010 2010
April Balance b/d 1 536 April Total Payments CPJ 15 610
1 30
Total Receipts CRJ 12 430
30
Balance c/d 1 644
30
15 610 15 610
2010
May 1 Balance b/d 1 644

1.3 Bank reconciliation statement as at 30 April 2010

Debit (R) Credit
(R)
Credit balance per bank statement 10 096
Outstanding deposit 1 038
Outstanding cheques: 1975 3 948
1988 4 290
2001 1 560
2002 2 980




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