Question: Q.1.3 Match the statement in column A with the correct term in column B. In your answer book you need only write the letter from

Q.1.3

Match the statement in column A with the correct term in column B.

In your answer book you need only write the letter from Column A with the correct number from Column B. For example, F 9.

Mpho owns a retail shop called Mphos General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases goods for cash and on credit from only one supplier, Zoom Stores.

Column A

Column B

A. Zoom Stores.

1. Creditors Control or Accounts

Payable

B. Mr Andile.

2. Creditor

C. General ledger account that provides us with an exact amount of how much is being

owed to us from credit sales.

3. Debtors List

D. General ledger account that provides us with an exact amount of how much we owe

from credit purchases.

4. Debtor

E. The list that is totalled and compared with the balance of the debtors control account at

the end of each month.

5. Debtors Control or Accounts receivable

6. Bank statement

7. Cash book receipts

8. Cash book payments

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