Crowdly

Add to Chrome

FAC1502-25-EX06B

Looking for FAC1502-25-EX06B test answers and solutions? Browse our comprehensive collection of verified answers for FAC1502-25-EX06B at cas.myexams.unisa.ac.za.

Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!

View this question

On comparing the cash journals of SA Traders for the month ending 31 January 2025 with the bank statement for the same period, the bookkeeper found that the following items only appeared on the bank statement for the month ended 31 January 2025:

Service fees	R244
Cash deposit fees	R79
Interest on favourable bank balance	R158

The correct entry/entries in the accounting records of SA Traders is/are as follows:

Bank charges to the amount of R323 (R244 + R79) and interest on the bank account to the amount of R158 in the cash receipts journal for January 2025.

Bank charges in the cash payments journal to the amount of R481 (R244 + R79 + R158) for January 2025.

Bank charges to the amount of R323 (R244 + R79) and interest on the bank account to the amount of R158 in the cash payments journal for January 2025.

100%

Bank charges in the cash payments journal to the amount of R323 (R244 + R79) for January 2025 and interest on the bank account to the amount of R158 in the cash receipts journal for January 2025.

View this question

Want instant access to all verified answers on cas.myexams.unisa.ac.za?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Add to Chrome

Telegram Instagram TikTok Question Bank