Question 5
The following information for August 2025 relates to Sazi Traders.
Answer saved
1. The following information appeared in the bank reconciliation statement for July 2025.
Marked out of
28.00 Bank reconciliation statement as at 31 July 2025
Debit Credit
R R
Unfavourable balance as per the bank statement 52 480
Outstanding deposit 325 3 040
Outstanding payment no:
- No. 309 3 680
- No. 316 6 240
Correction of error 2 560
Unfavourable balance as per bank account 56 800
2. The following appeared in the cash journals, but not on the bank statement.
· Outstanding deposit of R11 520
· Payment 320 for R6 400 to Sparkles for Cleaning materials purchased.
3. The following information pertains to the bank reconciliation statement of July 2025
· The outstanding payments in the July reconciliation appear in the August 2025 bank statement
· The error made by the bank during July 2025 was not corrected on the bank statement for August 2025.
· The outstanding deposit 325 does not appear on the current bank statement for August 2025.
4. EFT 315 (payment to Broadcast Advertising) for R3 360 appeared twice on the bank statement.
5. The following appeared on the bank statement but not in the cash journals.
· A debit order for the monthly office rent R8 000.
· Online sales amounting to R4 800
· Bank charges – R1 440
6. Sazi Traders made an EFT payment of R16 500 for wages. The bookkeeper incorrectly entered the amount as R10
650 in the cash payments journal.
7. Balances and subtotals at 31 August 2025.
· Cash receipts journal R296 800
· Cash payments journal R182 240
REQUIRED:
Complete the following in the accounting records of Sazi Traders for the month ended on 31 August 2025:
The cash receipts and cash payments journals (bank columns only), properly totalled, for August 2025
The bank account in the general ledger, properly balanced, as at 31 August 2025
The bank reconciliation statement as at 31 August 2025
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in
front of the amount (eg: -1000.01)
4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any
sign (eg: 1000.01)
Sazi Traders
Cash receipts journal – 31 August 2025
Date Details R
31 Subtotal
296800.00
Cash Sales 4800.00
301600.00
Sazi Traders
Cash payments journal – 31 August 2025
Date Details R
31 Subtotal 182240.00
Bank charges 1440.00
, Rent expense 8000.00
Wages (incorrect entry) 5850.00
197530.00
Dr Bank B1 Cr
Date Details Fol Amount Date Details Fol Amount
2025 R 2025 R
Aug 1 Balance b/d 0 Aug 1 Balance b/d 56800.00
31 Total receipts CRJ 301600.00 31 Total payments CPJ 197530.00
Balance c/d 0 Balance c/d 47270.00
301600.00 301600.00
Sept 1 Balance b/d 47270.00 Sept 1 Balance b/d 0
Sazi Traders
Bank reconciliation statement as at 31 August 2025 Debit/Credit
R
Balance per bank account 47270.00
Outstanding deposits 14560.00
Outstanding payments -6400.00
Correction of errors 5920.00
Balance per bank statement 61350.00
Previ o u s a c tiv ity
,Time left 0:19:27
, Question 2 The following totals were extracted from the subsidiary journals of General Spaza Shop for February 2026.
Answer saved
Marked out of
10.00 R
Cash receipts journal
VAT input 4 415,00
Sales column 284 600,00
Cash payments journal
Purchases column 423 300,00
VAT output 3 380,00
Purchases journal
Trade payables column 265 900,00
Sales journal
Trade receivables column 463 631,00
Purchases returns journal
Trade payables column 28 471,00
Sales returns journal
Trade receivables column 23 840,00
On 1 February 2026, the VAT input account had an opening balance of R85 000 and the VAT output account had an opening balance of R127 400.
The applicable VAT rate is 15%.
Using the above information, compile the VAT output account in the general ledger for February 2026, including the final closing transfer.
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Only show the amount, do not show the R (eg: 12141.72)
4. Keep the ledger entries strictly according to the information given.
GENERAL SPAZA SHOP
GENERAL LEDGER
Dr VAT output Cr
2026 R 2026 R
SRJ b/d
Feb 1 Sales returns 3109.57 Feb 1 Balance 127400
GJ CRJ
VAT control 230834.04 Feb 28 Bank 42690.00
CPJ
Trade payables control 3 380.00
SJ
Sales 60473.61
233943.61 233943.61
The following information for August 2025 relates to Sazi Traders.
Answer saved
1. The following information appeared in the bank reconciliation statement for July 2025.
Marked out of
28.00 Bank reconciliation statement as at 31 July 2025
Debit Credit
R R
Unfavourable balance as per the bank statement 52 480
Outstanding deposit 325 3 040
Outstanding payment no:
- No. 309 3 680
- No. 316 6 240
Correction of error 2 560
Unfavourable balance as per bank account 56 800
2. The following appeared in the cash journals, but not on the bank statement.
· Outstanding deposit of R11 520
· Payment 320 for R6 400 to Sparkles for Cleaning materials purchased.
3. The following information pertains to the bank reconciliation statement of July 2025
· The outstanding payments in the July reconciliation appear in the August 2025 bank statement
· The error made by the bank during July 2025 was not corrected on the bank statement for August 2025.
· The outstanding deposit 325 does not appear on the current bank statement for August 2025.
4. EFT 315 (payment to Broadcast Advertising) for R3 360 appeared twice on the bank statement.
5. The following appeared on the bank statement but not in the cash journals.
· A debit order for the monthly office rent R8 000.
· Online sales amounting to R4 800
· Bank charges – R1 440
6. Sazi Traders made an EFT payment of R16 500 for wages. The bookkeeper incorrectly entered the amount as R10
650 in the cash payments journal.
7. Balances and subtotals at 31 August 2025.
· Cash receipts journal R296 800
· Cash payments journal R182 240
REQUIRED:
Complete the following in the accounting records of Sazi Traders for the month ended on 31 August 2025:
The cash receipts and cash payments journals (bank columns only), properly totalled, for August 2025
The bank account in the general ledger, properly balanced, as at 31 August 2025
The bank reconciliation statement as at 31 August 2025
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in
front of the amount (eg: -1000.01)
4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any
sign (eg: 1000.01)
Sazi Traders
Cash receipts journal – 31 August 2025
Date Details R
31 Subtotal
296800.00
Cash Sales 4800.00
301600.00
Sazi Traders
Cash payments journal – 31 August 2025
Date Details R
31 Subtotal 182240.00
Bank charges 1440.00
, Rent expense 8000.00
Wages (incorrect entry) 5850.00
197530.00
Dr Bank B1 Cr
Date Details Fol Amount Date Details Fol Amount
2025 R 2025 R
Aug 1 Balance b/d 0 Aug 1 Balance b/d 56800.00
31 Total receipts CRJ 301600.00 31 Total payments CPJ 197530.00
Balance c/d 0 Balance c/d 47270.00
301600.00 301600.00
Sept 1 Balance b/d 47270.00 Sept 1 Balance b/d 0
Sazi Traders
Bank reconciliation statement as at 31 August 2025 Debit/Credit
R
Balance per bank account 47270.00
Outstanding deposits 14560.00
Outstanding payments -6400.00
Correction of errors 5920.00
Balance per bank statement 61350.00
Previ o u s a c tiv ity
,Time left 0:19:27
, Question 2 The following totals were extracted from the subsidiary journals of General Spaza Shop for February 2026.
Answer saved
Marked out of
10.00 R
Cash receipts journal
VAT input 4 415,00
Sales column 284 600,00
Cash payments journal
Purchases column 423 300,00
VAT output 3 380,00
Purchases journal
Trade payables column 265 900,00
Sales journal
Trade receivables column 463 631,00
Purchases returns journal
Trade payables column 28 471,00
Sales returns journal
Trade receivables column 23 840,00
On 1 February 2026, the VAT input account had an opening balance of R85 000 and the VAT output account had an opening balance of R127 400.
The applicable VAT rate is 15%.
Using the above information, compile the VAT output account in the general ledger for February 2026, including the final closing transfer.
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Only show the amount, do not show the R (eg: 12141.72)
4. Keep the ledger entries strictly according to the information given.
GENERAL SPAZA SHOP
GENERAL LEDGER
Dr VAT output Cr
2026 R 2026 R
SRJ b/d
Feb 1 Sales returns 3109.57 Feb 1 Balance 127400
GJ CRJ
VAT control 230834.04 Feb 28 Bank 42690.00
CPJ
Trade payables control 3 380.00
SJ
Sales 60473.61
233943.61 233943.61
