Africa Traders is in the business of replacing damaged windscreens of vehicles. On 9 October 2020, Africa Traders replaced damaged windscreens of vehicles for R90 000 on credit for SA Traders, a customer of Africa Traders. Africa Traders is not a registered VAT vendor. Which account will be debited, and which account will be credited in the general ledger of Africa Traders? Select one: a. Debit the Services rendered account with R90 000, and credit the Bank account with R90 000. b. Debit the Services rendered account with R90 000, and credit the Trade receivables control account with R90 000. c. Debit the Trade receivables control account with R90 000, and credit the Services rendered account with R90 000. d. Debit the Bank account with R90 000, and credit the Services rendered account with R90 000
Africa Traders is in the business of replacing damaged windscreens of vehicles. On 9 October 2020, Africa Traders replaced damaged windscreens of vehicles for R90 000 on credit for SA Traders, a customer of Africa Traders. Africa Traders is not a registered VAT vendor.
Which account will be debited, and which account will be credited in the general ledger of Africa Traders?
Debit the Services rendered account with R90 000, and credit the Bank account with R90 000.
Debit the Services rendered account with R90 000, and credit the Trade receivables control account with R90 000.
Debit the Trade receivables control account with R90 000, and credit the Services rendered account with R90 000.
Debit the Bank account with R90 000, and credit the Services rendered account with R90 000.
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