FAC 1501
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FAC 1501 2
Latest content FAC 1501
Question 1 of 20 
The following information relates to a bank reconciliation of Africa Traders for the month of 
February 2020: 
(1) The balance as per the bank account in the general ledger, before taking the items below into account, 
was R5 670 unfavourable. 
(2) Bank charges of R250 on the bank statement have not been entered in the cash payments journal. 
(3) The bank has credited the bank statement in error with R40 which belongs to another customer. 
(4) Cheque payments totalling R325 hav...
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FAC 1501•FAC 1501