QUESTION ONE $[25]$

The transactions below relate to S ASH for the month ended $30$ June $2021.$

Date

Transactions

Amount

$2021$

$$

R

$$Jun $01$

S Ash deposited capital into the business bank account

$80000$

$05$

The business obtained a loan from LTC Bank

$15000$

$07$

Acquired a vehicle and settled the purchase price by cheque$$

$25000$

$08$

Bought cleaning material from AD Suppliers on credit

$500$

$10$

Invoiced Dekker Hotel for cleaning services rendered

$1000$

$12$

Received$$ a cheque from Dekker Hotel and deposited it in the bank account$$

$$

$500$

$14$

Paid Salaries by cheque

$1500$

$16$

An advert was published in the daily news. This is payable in

$30$ days

$$

$250$

$25$

S Ash transferred his personal equipment into the business

$10000$

$30$

Stationery on hand

$1000$

$$

Required:

$$ Analyse the above transactions in tabular form as follows:$$

A$/$C$.$DEBIT

A$/$C$.$CREDIT

A $=$

E $+$

L

$$

QUESTION TWO $[35]$

Bongani Magwaza has been in business in his hometown of Ixopo since $1$ April $2014.$ He decided to use $31$ March as the financial year end for his business Bonga$$s General Dealers. The following information was obtained from the accounting records of Bonga$$s on the last day of the current financial year, $31$ March $2019$: