Question: SECTION C: FINANCIAL LITERACY (35 Marks ) QUESTION 3 3.1 Use the information given below to prepare the Debtors ledger of FIX-IT Traders for the

SECTION C: FINANCIAL LITERACY (35 Marks ) QUESTION 3 3.1 Use the information given below to prepare the Debtors ledger of FIX-IT Traders

SECTION C: FINANCIAL LITERACY (35 Marks ) QUESTION 3 3.1 Use the information given below to prepare the Debtors ledger of FIX-IT Traders for the month of September 2018. (15 marks) Debtors list on 31 August 2017 D 1 KG GIFT 470.00 D2 1 376.00 M.F FAITH Transactions - September 2018 3 M.F Faith settles his account to date. Issued receipt 74. 7 Credit sales to KG Gift R 750.00 (Cost of sales, R 600), issued invoice 42 23 Issued a credit invoice no. 43 to M.F Faith for goods sold to him, R 1 250.00 (cost of sales, R 1 000.00). 27 Received R 500.00 from KG Gift in part payment of his account and issued receipt 102 to him. QUESTION 3 3.1 DEBTORS LEDGER OF UBER TRADERS (15 marks) K. G GIFT Details / Document no. Fol Date Debit (+) Balance Credit (-) 8 marks M.F FATH Details / Document no. Fol Debit (+) Credit (-) Balance Date 7 marks

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