5.24

What is the contra account for R270 on credit side of Trading Stock?

• Creditors Control

• Creditors Allowances

• Trading Stock

• Total returns

What is the value of Cost of Sales from cash sales?

What is the journal where trading stock returned by a debtor is recorded?

• DJ

• CPJ

• DAJ

• CAJ

What is the value of discount allowed?

What is the contra account of R210 on credit side in Debtors Control?

• Debtors allowances

• Discount allowed

• Cost of sales

• Trading stock

How much is owed to creditors on 1 September?

What is the contra account of R105 in Creditors Control?

• Debtors allowances

• Discount allowed

• Discount received

• Bank

What is the contra account for R11 415 in Sales?

• Debtors Control

• Sales

• Cost of sales

• Trading Stock

What is the value of Cost of Sales for credit sales?

How do you classify discount received?

• Income

• Expense

• Asset

• Liability