Started on Tuesday, 1 September 2026, 8:17 AM
State Finished
Completed on Tuesday, 1 September 2026, 9:17 AM
Time taken 1 hour
Marks 37.28/50.00
Grade 74.55 out of 100.00
Question 1
Complete
Not graded
NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted in this assignment is my own. I did not request assistance to complete the assignment questions
from any third parties.
I declare that I did not pay a third party to complete and submit my assignment on my behalf.
I declare that I did not provide assistance to other students completing the assignment.
a. No
b. Yes
,Question 2
Complete
Mark 2.94 out of 10.00
The following totals were extracted from the subsidiary journals of General Spaza Shop for February 2026.
R
Cash receipts journal
VAT input 3 516,24
Amounts for sales added in the Bank column 513 371,04
Cash payments journal
Amounts for purchases added in the Bank column 743 098,72
VAT output 4 892,16
Purchases journal
Purchases column 387 296,00
Sales journal
Sales column 738 920,00
Purchases returns journal
Trade payables column 50 399,44
Sales returns journal
Sales column 32 714,40
On 1 February 2026, the VAT input account had an opening balance of R123 480 and the VAT output account had an opening
balance of R185 220.
The applicable VAT rate is 15%.
Using the above information, compile the VAT input 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 input Cr
2026 R 2026 R
Feb 1 b/d 123480.00 PRJ 6573.84
Feb 28 CRJ 3516.24 GJ
,CPJ 4267.97
PJ 50516.87
, Question 3
Complete
Mark 16.59 out of 20.00
You have been asked to assist with the preparation of the cash receipts journal, cash payments journal, and the bank reconciliation
statement of Thembi Traders for the month ended 30 April 2026. Thembi Traders consistently maintains a favourable bank balance
because it does not have an overdraft facility. You have been provided with the following information to assist with your
work. Thembi Traders is not a registered VAT vendor and uses the periodic inventory system
Review of March 2026 reconciling items using the April 2026 bank statement:
Your comparison of the March 2026 bank reconciliation statement with the bank statement for the month ended 30 April 2026
revealed the following:
(a) The 31 March 2026 bank balance as per the bank account in the general ledger was R6 915.
(b) Payment no 41 for R1 610 in favour of KK Sams dated 02 March 2026 was recorded in the cash payments journal. It
appeared twice on the April bank statement.
(c) Payment no 91 for R470 dated 05 March 2026 in respect of the debit order in favour of ABC Insurers was cancelled after the
amount had already been entered in the cash payments journal. No correction has been made.
(d) Payment 94 for R1 880 dated 28 March 2026 for AB Wholesalers had still not been processed by the bank as of 30 April
2026.
Additional information for April 2026:
1. The following information was obtained for the month of April:
· Cash Receipts Journal subtotal (bank column) R15 640
· Cash Payments Journal subtotal (bank column) R6 650
2. When comparing the cash journals with the bank statement for April 2026, you identified the following:
(i) Payment no 121 for R1 550 to S Sekhukhune, a creditor, was omitted from the journals.
(ii) A direct deposit of R1 320 from Biyela Spaza Shop in settlement of their account was inadvertently recorded in the cash
payments journal.
(iii) A deposit of R5 220 relating to sales on 29 April 2026 does not appear on the bank statement.
(iv) A debit order in favour of ZBC Bank for the monthly repayment of a loan for R2 280 appeared only on the bank statement
(v) The following only appeared on the bank statement for the month ending 30 April 2026:
· Bank charges R354
· Interest on favourable bank balance R139
(vi) The following payments have not yet been processed by the bank for payment as at 30 April 2026:
· No 105, for R5 010 dated 22 April 2026 to A Kalaka
· No 112 for R4 060 dated 28 April 2026 to S Maloka
(vii) EFT no 102 dated 26 April 2026 issued to Blue Stationers for stationery, for R916 was incorrectly recorded as R619 in the
cash payments journal.
(viii) The bank statement showed a favourable balance of R18 793 on 30 April 2026.
Required:
1. Complete the cash receipts journal and cash payments journal of Thembi Traders for the month
ending 30 April 2026 (record details and the bank column only).
2. Prepare the properly balanced/closed-off bank account for the month ending 30 April 2026 in the general ledger of
Thembi Traders (Ensure the account is correctly balanced/closed off).
3. Prepare the bank reconciliation statement as at 30 April 2026.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to two decimal places after the full stop (eg: 50.56)
State Finished
Completed on Tuesday, 1 September 2026, 9:17 AM
Time taken 1 hour
Marks 37.28/50.00
Grade 74.55 out of 100.00
Question 1
Complete
Not graded
NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted in this assignment is my own. I did not request assistance to complete the assignment questions
from any third parties.
I declare that I did not pay a third party to complete and submit my assignment on my behalf.
I declare that I did not provide assistance to other students completing the assignment.
a. No
b. Yes
,Question 2
Complete
Mark 2.94 out of 10.00
The following totals were extracted from the subsidiary journals of General Spaza Shop for February 2026.
R
Cash receipts journal
VAT input 3 516,24
Amounts for sales added in the Bank column 513 371,04
Cash payments journal
Amounts for purchases added in the Bank column 743 098,72
VAT output 4 892,16
Purchases journal
Purchases column 387 296,00
Sales journal
Sales column 738 920,00
Purchases returns journal
Trade payables column 50 399,44
Sales returns journal
Sales column 32 714,40
On 1 February 2026, the VAT input account had an opening balance of R123 480 and the VAT output account had an opening
balance of R185 220.
The applicable VAT rate is 15%.
Using the above information, compile the VAT input 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 input Cr
2026 R 2026 R
Feb 1 b/d 123480.00 PRJ 6573.84
Feb 28 CRJ 3516.24 GJ
,CPJ 4267.97
PJ 50516.87
, Question 3
Complete
Mark 16.59 out of 20.00
You have been asked to assist with the preparation of the cash receipts journal, cash payments journal, and the bank reconciliation
statement of Thembi Traders for the month ended 30 April 2026. Thembi Traders consistently maintains a favourable bank balance
because it does not have an overdraft facility. You have been provided with the following information to assist with your
work. Thembi Traders is not a registered VAT vendor and uses the periodic inventory system
Review of March 2026 reconciling items using the April 2026 bank statement:
Your comparison of the March 2026 bank reconciliation statement with the bank statement for the month ended 30 April 2026
revealed the following:
(a) The 31 March 2026 bank balance as per the bank account in the general ledger was R6 915.
(b) Payment no 41 for R1 610 in favour of KK Sams dated 02 March 2026 was recorded in the cash payments journal. It
appeared twice on the April bank statement.
(c) Payment no 91 for R470 dated 05 March 2026 in respect of the debit order in favour of ABC Insurers was cancelled after the
amount had already been entered in the cash payments journal. No correction has been made.
(d) Payment 94 for R1 880 dated 28 March 2026 for AB Wholesalers had still not been processed by the bank as of 30 April
2026.
Additional information for April 2026:
1. The following information was obtained for the month of April:
· Cash Receipts Journal subtotal (bank column) R15 640
· Cash Payments Journal subtotal (bank column) R6 650
2. When comparing the cash journals with the bank statement for April 2026, you identified the following:
(i) Payment no 121 for R1 550 to S Sekhukhune, a creditor, was omitted from the journals.
(ii) A direct deposit of R1 320 from Biyela Spaza Shop in settlement of their account was inadvertently recorded in the cash
payments journal.
(iii) A deposit of R5 220 relating to sales on 29 April 2026 does not appear on the bank statement.
(iv) A debit order in favour of ZBC Bank for the monthly repayment of a loan for R2 280 appeared only on the bank statement
(v) The following only appeared on the bank statement for the month ending 30 April 2026:
· Bank charges R354
· Interest on favourable bank balance R139
(vi) The following payments have not yet been processed by the bank for payment as at 30 April 2026:
· No 105, for R5 010 dated 22 April 2026 to A Kalaka
· No 112 for R4 060 dated 28 April 2026 to S Maloka
(vii) EFT no 102 dated 26 April 2026 issued to Blue Stationers for stationery, for R916 was incorrectly recorded as R619 in the
cash payments journal.
(viii) The bank statement showed a favourable balance of R18 793 on 30 April 2026.
Required:
1. Complete the cash receipts journal and cash payments journal of Thembi Traders for the month
ending 30 April 2026 (record details and the bank column only).
2. Prepare the properly balanced/closed-off bank account for the month ending 30 April 2026 in the general ledger of
Thembi Traders (Ensure the account is correctly balanced/closed off).
3. Prepare the bank reconciliation statement as at 30 April 2026.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to two decimal places after the full stop (eg: 50.56)
