Please assist Match the statement in column A with the correct term in column B.Mpho owns a retail shop called Mpho’s General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases goods for cash and on credit from only one supplier, Zoom Stores. Column AA.B.C.D.E.Zoom Stores.Mr Andile.General ledger account thatprovides us with an exactamount of how much is beingowed to us from credit sales.General ledger account thatprovides us with an exactamount of how much we owefrom credit purchases.The list that is totalled andcompared with the balance ofthe debtor's control account atthe end of each month.Column B1. Creditor's Control or AccountsPayableCreditorDebtor's List2.3.4.5.6.7.8.DebtorDebtor's Control or AccountsreceivableBank statementCash book receiptsCash book payments

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Description: Please assist Match the statement in column A with the correct term in column B.Mpho owns a retail shop called Mpho’s General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases g

Column A Column B A. Zoom Stores 2. Creditor B. Mr Andile 4. Debtor C. General ledger account…

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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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Please assist Match the statement in column A with the correct term in column B. Mpho owns a retail shop called Mpho’s General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases goods for cash and on credit from only one supplier, Zoom Stores.

Column A
A.
B.
C.
D.
E.
Zoom Stores.
Mr Andile.
General ledger account that
provides us with an exact
amount of how much is being
owed to us from credit sales.
General ledger account that
provides us with an exact
amount of how much we owe
from credit purchases.
The list that is totalled and
compared with the balance of
the debtor's control account at
the end of each month.
Column B
1. Creditor's Control or Accounts
Payable
Creditor
Debtor's List
2.
3.
4.
5.
6.
7.
8.
Debtor
Debtor's Control or Accounts
receivable
Bank statement
Cash book receipts
Cash book payments

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