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

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

Answer

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.

Answer

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

Answer

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.

Answer

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.

Crowdly

On comparing the cash journals of SA Traders for the month ending 31 January 202...

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

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