An entity has the following balances:

   Inventory - R15 770

   Machinery - R13 230

   Trade payables - R2 430

   Long-term loan - R9 670

NB: Instructions

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)

Modise Traders' accountant paid R1 810 via electronic transfer for the placement of a monthly advertisement in a local newspaper. ModiseTraders maintained an unfavourable bank balance.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

Naledi Traders purchased office furniture of R12 300 from Joe's Furniture and paid with an electronic funds transfer. Naledi Traders maintained an unfavourable bank balance during the month.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

G Goodman provided services for a client, W Blitz, for R1 340, which was paid directly into the business bank account. The business maintained a favourable bank balance.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

The owner, M Masisi, made a direct EFT of R14 920 from his personal savings account into the business's bank account. The business maintained an unfavourable bank balance.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

An entity has the following balances: Capital: R14 590: Trade payables: R3 240; Short-term loan: R2 570; Drawings: R690.

The total assets of the entity according to the basic accounting equation is …

NB: Instructions

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)

On 10 September 20.2 Nzima Spaza had a favourable bank balance of R3 870. On 15 September 20.2 the bookkeeper of Nzima Spaza an EFT to Telkom to pay the amount of R5 690 for the telephone

expenses for August 20.2.

The correct NET effect of the

transaction on each element of the basic accounting equation in the books of Nzima Spaza is

...

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.  A decrease

 in

an amount must be 

4.  An increase must be 

indicated

by the amount without any sign

Naledi Traders purchased office furniture of R12 300 from Joe's Furniture and paid with an electronic funds transfer. Naledi Traders maintained an unfavourable bank balance during the month.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

G Goodman provided services for a client, W Blitz, for R1 340, which was paid directly into the business bank account. The business maintained a favourable bank balance.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")

Modise Traders' accountant paid R1 810 via electronic transfer for the placement of a monthly advertisement in a local newspaper. ModiseTraders maintained an unfavourable bank balance.

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.  When an element decreases, use a negative sign in front of the amount (eg: -1000.01) 

4.  When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")