Please do 4 and 5 General ledger of Su Mari TradersDebtors Control202051 000,00 Jun2020b/d30?1 Balance30 SalesCRJDAJJun13 80042 000,008 000,00Sundry accounts(Journal credits) GJBankSundry accountsjournal debits) ?CPJ2 400,0012 200,001 600,00Balance1. Calculate the balance carried down to July 20202. Provide possible explanation for the R8000 on the creditside3. Provide possible explanation for the R2400 on the debitside4. Give a reason for the entry of R12 200 on the credit side5. Should the business worry about the control over theirdebtors this month

Debtors refer to the individual who owes the money that has not been paid yet for the goods sold or…

Answered: 4. Give a reason for the entry of R12…

4. Give a reason for the entry of R12 200 on the credit side 5. Should the business worry about the control over their debtors this month

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Please do 4 and 5

General ledger of Su Mari Traders
Debtors Control
2020
51 000,00 Jun
2020
b/d
30?
1 Balance
30 Sales
CRJ
DAJ
Jun
13 800
42 000,00
8 000,00
Sundry accounts
(Journal credits) GJ
Bank
Sundry accounts
journal debits) ?
CPJ
2 400,00
12 200,00
1 600,00
Balance
1. Calculate the balance carried down to July 2020
2. Provide possible explanation for the R8000 on the credit
side
3. Provide possible explanation for the R2400 on the debit
side
4. Give a reason for the entry of R12 200 on the credit side
5. Should the business worry about the control over their
debtors this month

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