N4 Introductory Financial Accounting | Student Book DR
Date Details Fol. Amount
Sales Date
20.1 Feb
Details 7 Bank Fol. Amount 5 500
CR
DR Date
20.1 Feb
Details 10 Bank Fol. Amount
Equipment Date
2 500
CR Details Fol. Amount
DR Date
20.1 Feb
Details 14 Bank
Fol. Amount
Water and Electricity Date
890
CR Details Fol. Amount
Activity 5.1 Work in pairs.
Instruction Open the required accounts in the General Ledger in your workbook.
Transactions: October 20.1 1 Bought land and buildings from Max and paid per cheque R15 000. 3 Paid Service Centre R5 000 for the repair of one of the machines. 8 Paid salaries to the workers with a cash cheque R3 000. 10 Paid the interest on loan at 10% per annum on R50 000 to FNB. 12 Gave a cash donation to the Hospice of R600. 15 Paid the creditors R700 per cheque. 17 Received a cheque from Dixy Bank for the fixed deposit of R50 000 that matured, issued receipt 13.
20 Issued receipt 14 for R5 000 received from a tenant, S Burger, for rent of a house. 30 The bank statement received from Dixy Bank showed interest credited by the bank on the favourable balance on the current account, R85.
