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FAC1503 ASSIGNMENT 9 FOR 2024
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FAC1503 ASSIGNMENT 9 FOR 2024
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FAC1503ASSIGNMENT 9 FOR 2024
FEND TUTORIALS
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Question text
The following information relates to the attorney’s practice, Africa Attorneys. The practice is registered
as a VAT vendor. VAT at 15% is included where applicable.
On 1 March 2022, the petty cash account showed a balance of R500. On 15 March the personal assistant
of Mr Africa, purchased coffee, tea, milk and sugar for the office. The total amount of R345 was paid
from the petty cash. The entries for the above transactions in the book of first entry will be:
Select one:
a.
Petty cash journal
Clients
Total Total Entertainment VAT control
Doc
Date no. Receipts Fol. R Date Payments Fol. R R R R
1 Balance b/d 500 15 Coffee, tea,
milk &
345 300 45
sugar
b.
Petty cash journal
Entertainment VAT Total
Date Receipts R R Fol. R c.
Petty cash
1 Balance b/d 500 journal
15 Coffee, tea, 300 45 345 Clients
milk & sugar Total Total Entertainment VAT control
Doc
Date
31 no.Balance
Receipts Fol. R Date Payments Fol. R R 845 R R
1 Balance b/d 500 15 Coffee, tea,
milk & sugar
345 345
d.
Petty cash journal
Entertainment VAT Total
Date Receipts R R Fol. R
Whatsapp Marlvin @ +2763 173 8181
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