Please assist Should Plant World agree to deduct R500 from the invoice amount, how will this (2) Jasmine Traders is a home and nursery centre located in Johannesburg.Jasmine Traders is having trouble working out how much they owe Plant World, one of theirsuppliers as at the end of April.You have been provided with the following information:Information summarised from the journals relating to Plant WorldMarch22Payments made by EFTCredit purchasesPurchase returns.Ⓒ The Independent Institute of Education (Pty) Ltd 2022DEBTORS STATEMENTJASMINE TRADERSACCOUNT NUMBER: JT001DATE: 25 MARCH 2021DATE1 Mar358101214TRANSACTIONInvoice 061Receipt 041Invoice 083Invoice 085Invoice 088Receipt 044PLANT WORLDDEBIT3 85013 3405001 2005 6302 6603 850CREDIT8503 850April12 84011 339910BALANCEPage 5 of 720224 5405 7404 89010 52013 18017 03013 180 DEBTORS STATEMENTJASMINE TRADERSACCOUNT NUMBER: JT00122DATE: 25 APRIL 2021DATE1 April48141517192024Ⓒ The Independent Institute of Education (Pty) Ltd 2022●.TRANSACTIONAdditional information:●Invoice 092Invoice 095Receipt 051Credit note 021Invoice 1001Invoice 1005Invoice 1007Invoice 1009PLANT WORLDDEBIT18826 9973 7846583 100CREDIT246012 840190BALANCE13 18015 06212 602(238)(428)6 56910 35311 01114 111Page 6 of 72022The balance on Plant World's account in the Trade Payables subsidiary ledger of JasmineTraders on 1st March was R3 690. The difference between the statement balance and theTrade Payables subsidiary ledger balance was a result of an EFT payment made on 28February that was not reflected by Plant World.Invoice 1009 reflected on the April statement had not yet been received by Jasmine Traders.Jasmine Traders sent a debit note to Plant World in March for R500, representing thedifference between the price they had verbally agreed on some items purchased and theprice that appeared on the invoice. They still have not negotiated a compromise.A credit note for goods returned in April for R910 appears on the April statement as R190.The credit note has been correctly recorded by Jasmine Traders in April. This is the onlyentry in the creditor's allowances journal for April.Invoice 1005 on the April statement is for Jas Traders, not Jasmine Traders.An invoice for R658 shown on the April statement was for flowers ordered by the owner Mr.Willow for his wedding anniversary. The bookkeeper had not recorded this transaction atall, as the owner had ordered the goods in his own name and not for the business.IGNORE VAT.

A client issues a debit note to the supplier in case he wants a refund, there may be various reasons…

Jasmine Traders is a home and nursery centre located in Johannesburg. Jasmine Traders is having trouble working out how much they owe Plant World, one of their suppliers as at the end of April. You have been provided with the following information:

Jasmine Traders is a home and nursery centre located in Johannesburg. Jasmine Traders is having trouble working out how much they owe Plant World, one of their suppliers as at the end of April. You have been provided with the following information:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

(TRUE or FALSE?) The forward rate is what you agree to pay for the currency in the future by signing a contract today to buy the currency on a date in the future. O True False
From the following information you are required to determine the value of equipment imported by ABC Company from USA which will be used in the production. i) Catalogue Price of Equipment: OMR 100,000 ii) Trade discount 10% of catalogue price iii) Non-refundable purchase tax 4% of purchase price after deducting trade discount iv) Import duty OMR 2,500 a.OMR 104,000 b.OMR 105,250 c.None of the options d.OMR 96,100
Please Correct solution with Explanation and Do not Give solution in image format
Green Pastures received a grant of P60 million to compensate it for costs incurred in planting Narra trees over a period of 5 years. Green Pastures will recur such costs in this manner: Year Costs 1 2M 2 4M 3 6M 4 8M 5 10M Total costs thus incurred will aggegate P30 M. Required: Based on the provisions of PAS 20, Government Grants, how should Green Pastures treat the “grant” in the books?
A. Discuss what could happen if GBC Financial Holdings PLC fails to meet these new requirements. Analyze what GBC Financial Holdings PLC might do to comply with the Basel III standards Asset Amount Cash and equivalents Government securities Interbank loans Mortgage loans Ordinary loans BBB+ - BBB- $5,000,000 AAA - AA- $1,500,000,000 $100,000,000 $2,000,000,000 $300,000,000 $550,000,000 Standby letters of credit $81,000,000
do bot give solution in image format
How should the payment of GST of $100 of a New Zealand resident company be recorded in the company’s imputation credit account.
The following transactions were carried out in the Bank of Jordan and Gulf / Irbid branch on 1/5/2020. The Bank of Jordan and Gulf / Irbid branch received an incoming transfer from the Bank of Jordan and Gulf / Jerash branch in the amount of 3350 dinars and the beneficiary was: Ghassan On 15/5/2020 the Bank of Jordan and Gulf / Irbid Branch A transfer from you from Chicago in the amount of 1200 dollars, and the beneficiaries are Al Shamal Company. The dollar prices on that day were as follows (708 fils, a blonde 709 fils equivalent to 710 fils sold), noting that there are joint accounts that the Chicago Bank and Jordan and Gulf Bank received. It has been registered to the beneficiary's account. He deducted a commission of 2% 20/5/2020. The transfer received on 1/5/2020 was paid to the beneficiary Ghassan after deducting a commission of fifteen dinars. On 5/20/2020, Jordan and Gulf Bank / Irbid branch received a transfer from Morgan Bank in the amount of 1600 dollars and the coverage…
N4. Account
Please answer only question B, because I sent already A in a separate question. Thank you! a) The following payments are agreed for the purchase of a property at the nominal annual interest rate of 0.8%:- 100,000 euros on 01.01.2022- 50,000 Euro on 01.07.2022- 200,000 euros on 01.03.2023 What is the value of these payments on the valuation date 01.01.2022 with1. linear interest calculation?2. monthly interest at the relative interest rate?3. relative mixed interest?4. continuous interest calculation? b) On 01.01.2022, EUR 347,942.42 is paid into an account at 0.8% annual interest. At On which date (day.month.year) in 2022, the year 2022 has 365 days, will the value of the interest rate, does the value of the deposit exceed 350,000 euros for the first time?
3. XYZ Corp., U.S.-based company, bought parts from a South Korean supplier on December 1, 2020, with 40 million Korean won to be paid on January 31, 2021. The following exchange rates applied: For V Date Spot Rate $0.0092 368, $0.0090 (2000) January 31, 2021 $0.0095 Assuming a forward contract was entered into on December 1, 2020, what would be the net impact on XYZ's 2020 income statement related to this foreign currency transaction? Assume an annual interest rate of 12% and a fair value hedge. The present value for one month at 12% is .9901. Le A/P .0093. December 1, 2020 December 31, 2020 Forward Rate to 01/31/2021 $0.0098 $0.0093 N/A $19,802 increase in net income - $8,000 decrease in net income $8,000 increase in net income - $11,802 decrease in net income $11,802 increase in net income - $19,802 decrease in net income 00% 6 x 41 10 149 -80bb1-
Please use own sentences and not googleable. Please help me Malaysia's New Digital Service Tax(DST) have been implementation 6% present on 1 Jan 2020 on foreign digital service providers Malaysia : how the digital tax will effect sellers/ service providers discuss and explain it Give explaination for it