(7) (NOTE: the source documents are re-numbered) Do not close off the journals, narrations are not required for the General Journal. The following transactions were not yet recorded in their respective Journals: Date 1 7 3 Transactions Sold goods on credit to M. Masha, the cost price was R800, issued invoice no.22. (16) Purchased additional trading stock on credit, the cost price was R 18 000, 8% trade discount was granted by Spinach Traders, invoice no.110 was received. M. Masha returned damaged goods, the selling price is R740, issued credit note no.201. Paid for insurance by debit order to Onkarabile Insurers, R6 500, 40% of the total insurance amount paid was for the owners' personal insurance. Sandy Cheeks Wholesalers transferred R800 into the account of the business via EFT, this was a refund for stationery. 2024 Accounting Grade 10 Project Question Pap
(7) (NOTE: the source documents are re-numbered) Do not close off the journals, narrations are not required for the General Journal. The following transactions were not yet recorded in their respective Journals: Date 1 7 3 Transactions Sold goods on credit to M. Masha, the cost price was R800, issued invoice no.22. (16) Purchased additional trading stock on credit, the cost price was R 18 000, 8% trade discount was granted by Spinach Traders, invoice no.110 was received. M. Masha returned damaged goods, the selling price is R740, issued credit note no.201. Paid for insurance by debit order to Onkarabile Insurers, R6 500, 40% of the total insurance amount paid was for the owners' personal insurance. Sandy Cheeks Wholesalers transferred R800 into the account of the business via EFT, this was a refund for stationery. 2024 Accounting Grade 10 Project Question Pap
Chapter1: Financial Statements And Business Decisions
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