On 20 December 2021, Africa Traders did an electronic funds transfer payment of R300 000 for the monthly salaries. 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. Dr Salaries Cr 2021       R 2021       R Dec         Dec 20 Bank   300 000   Dr Bank Cr 2021         2021       R Dec 20 Salaries   300 000 Dec             b. Dr Salaries Cr 2021       R 2021       R Dec 20 Bank   300 000 Dec           Dr Bank Cr 2021         2021       R Dec         Dec 20 Salaries   300 000     c. Dr Salaries Cr 2021       R 2021       R Dec         Dec 20 Trade payables   300 000   Dr Trade payables Cr 2021         2021       R Dec 20 Salaries   300 000 Dec             d. Dr Salaries Cr 2021       R 2021       R Dec 20 Trade payables   300 000 Dec           Dr Trade payables Cr 2021         2021       R Dec         Dec 20 Salaries   300 000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On 20 December 2021, Africa Traders did an electronic funds transfer payment of R300 000 for the monthly salaries. 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.

Dr

Salaries

Cr

2021

 

 

 

R

2021

 

 

 

R

Dec

 

     

Dec

20

Bank

 

300 000

 

Dr

Bank

Cr

2021

 

 

 

 

2021

 

 

 

R

Dec

20

Salaries

 

300 000

Dec

 

     

 

 

b.

Dr

Salaries

Cr

2021

 

 

 

R

2021

 

 

 

R

Dec

20

Bank

 

300 000

Dec

 

     

 

Dr

Bank

Cr

2021

 

 

 

 

2021

 

 

 

R

Dec

 

     

Dec

20

Salaries

 

300 000

 

 

c.

Dr

Salaries

Cr

2021

 

 

 

R

2021

 

 

 

R

Dec

 

     

Dec

20

Trade payables

 

300 000

 

Dr

Trade payables

Cr

2021

 

 

 

 

2021

 

 

 

R

Dec

20

Salaries

 

300 000

Dec

 

     

 

 

d.

Dr

Salaries

Cr

2021

 

 

 

R

2021

 

 

 

R

Dec

20

Trade payables

 

300 000

Dec

 

     

 

Dr

Trade payables

Cr

2021

 

 

 

 

2021

 

 

 

R

Dec

 

     

Dec

20

Salaries

 

300 000

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