1.4 Petty cash transactions are defined as any transaction that causes a decrease in the: (a) Cash on hand in the bank account; (b) Cash on hand in the petty cash box; (c) Cash float in the cash register; (d) None of the above.
Q.1.4 Petty cash transactions are defined as any transaction that causes a decrease in the:
(a) Cash on hand in the bank account;
(b) Cash on hand in the petty cash box;
(c) Cash float in the cash register;
(d) None of the above.
(1)
Q.1.5 In
“D column is used for:
(a) The name of the debtor;
(b) The name of the creditor;
(c) The name of the contra account where applicable;
(d) The name of the owner.
Q.1.6 Sold goods on credit to Debtor A Jones for R15 000 (VAT exclusive) less 7.5% trade discount. Which amount will be posted to the sales account?
(a) R15 000;
(b) R13 875;
(c) R12 509;
(d) R7 500.
Q.1.7 Which one (1)
(a) Original credit note;
(b) Original credit invoice;
(c) Duplicate credit invoice;
(d) Duplicate credit note.
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