The document contains two different attempts with a distinction obtained. Kindly note that the questions may differ and therefore it can be used as a guideline.
Question text
The following transactions relate to the accounting records of SA’s Legal Practice for March
2022. The legal practice is registered as a VAT vendor. VAT at 15% is included where
applicable.
On 8 March, SA’s Legal Practice returned a new photocopier which was purchased on 1 March
2022 on credit, from SA Suppliers (registered VAT vendor) for R6 200. The photocopier was
defective. SA’s Legal Practice did not replace the copier.
What will the general journal entry be for the above transaction in the records of SA's Legal
Practice?
Select one:
a.
Date Details Debit Credit
8 Jun Office equipment 6 200,00
Creditors control 6 200,00
Return photocopy machine to Office Suppliers
b.
Date Details Debit Credit
8 Jun Office equipment 5 391,30
VAT control 808,70
Creditors Control 6 200,00
Return photocopy machine to Office Suppliers
c.
Date Details Debit Credit
8 Jun Creditors control 6 200,00
Office equipment 6 200,00
Return photocopy machine to Office Suppliers
d.
Date Details Debit Credit
8 Jun Creditors control 6 200,00
VAT control 808,70
Office equipment 5 391,30
Return photocopy machine to Office Suppliers
1|Page
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Question 3
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Question text
The following information relates to the attorney’s practice, SA Attorneys. The practice is
registered as a VAT vendor. VAT at 15% is included where applicable.
On 8 March 2022, a debit order for R989 in favour of SA Insurance (registered VAT vendor) in
payment of vehicle insurance was deducted from the business bank account. The entry on 8
March 2022 in the book of first entry will be:
Select one:
a.
In the Bank column – R989, in the VAT output column – R129 and in the sundry accounts
column – vehicles of R860.
b.
In the Bank column – R989, in the VAT output column – R129 and in the sundry accounts
column – insurance of R860.
c.
In the Bank column – R989, in the VAT input column – R129 and in the sundry accounts
column – insurance of R860.
d.
In the Bank column – R989, in the VAT input column – R129 and in the sundry accounts column
– vehicles of R860.
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Question 4
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Question text
Dr Salaries Cr
Sept 15 Bank BCPJ 15 000
What is the closing journal entry that should be entered into the general journal for the salary
account at year-end?
Select one:
2|Page
, a.
Debit Credit
R R
Salaries 15 000
Profit and loss account 15 000
b.
No entry should be made because salaries is a permanent account.
c.
Debit Credit
R R
Profit and loss for the year 15 000
Salaries 15 000
d.
Debit Credit
R R
Profit and loss account 15 000
Salaries 15 000
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Question 5
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Question text
On 25 February 2022, SA Attorneys, withdrew R500 cash to replenish the petty cash in the
office. The cash withdrawal will be recorded into the .... as book of first entry.
Select one:
a.
Business cash payments journal
b.
Trust cash payments journal
c.
General journal
3|Page
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