Trading business CRJ and CPJ

What is the main difference between the CRJ of a service business and the CRJ of a trading business?

• The Sales and Cost of Sales columns in the CRJ of a trading business

• No Current income column in the CRJ of a trading business

• The Sales and Cost of Sales columns in the CRJ of a service business

• No Analysis of receipts column in the CRJ of a trading business

Which of the following is incorrect?

• 
• 
• 
• 

• 50%

• 200%

• 100%

• 75%

• R350

• R450

• R300

• R145

• R520

• R1 080

• R680

• R333,33

When a transaction says "Received a cheque for rent", which journal would you record it in?

• CRJ

• CPJ

When a transaction says "Received a cheque for rent", which column(s) would you record it in?

• Analysis of receipts, Bank and Sundry accounts (Rent income)

• Bank and Sundry accounts (Rent expense)

• Bank and Sundry accounts (Rent income)

• Analysis of receipts, Bank and Sundry accounts (Rent expense)