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Africa Traders is a registered VAT vendor. Africa Traders sells furniture and eq...
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Africa Traders is a registered VAT vendor. Africa Traders sells furniture and equipment to customers for cash or on credit. The bookkeeper of Africa Traders has prepared the following purchases returns journal for the month ending 28 February 2024 and requires your assistance with regards to the month-end posting to the control account in the general ledger:
PURCHASES RETURNS JOURNAL – February 2024 PRJ1
| Doc no | Day | Details | Fol. | VAT Input | Purchases returns | Trade payables |
| 5862 | 24 | RG Wholesalers | CL1 | R299,40 | R1 996,00 | R2 295,40 |
| 5863 | 26 | RG Wholesalers | CL1 | R344,31 | R2 295,40 | R2 639,71 |
| 5864 | 26 | RG Wholesalers | CL1 | R395,96 | R2 639,71 | R3 035,67 |
| 5865 | 27 | RG Wholesalers | CL1 | R455,35 | R3 035,67 | R3 491,02 |
|
|
| Totals |
| R1 495,02 | R9 966,78 | R11 461,79 |
Africa Traders posts individual transactions to the relevant subsidiary ledgers daily and only posts from subsidiary journals to the control accounts at the end of the month in the general ledger.
Which one of the following options of the general ledger accounts reflects the correct posting of the above purchases returns journal for the month ending 28 February 2024 to the control account?