WorksheetsGrade 11: Creditors reconciliation
Total questions: 15
Worksheet time: 8mins
What is any resourced owned by a business?
asset
reconciliation
accounts receivable
debt
When a cheque is deposited and collected by bank Pass Book is _____
Debited
Credited
Written
Dishounoured
Overdraft means _____ balance of the Cash Book.
Closing
Opening
Credit
Debit
Credit purchases are recorded in the
Creditors Journal
Debtors Journal
Credit Sales are recorded in the
creditors journal
debtors journal
EFT Payment Advice is
a source document for payments
advice on EFT payments from the bank
advice on EFT payments by the business
a source document for advice on payments to a company
A businesses Creditors Control Account is a/an
asset
liability
Returns to creditors transactions are recorded in the ...
Creditors' allowance journal
Debtors' allowance journal
Creditors' returns journal
Debtors' returns journal
A liability that is repayable within a short time period is called a ...
purchase on account
current liability
short term liability
A creditor is a current ___ to an enterprise.
asset
liability
customer
Calculate the correct value owed to Ndiliswa Traders by Du Toit Stores on 31 August 2022.
R22 180
R20 840
R20 380
R38 140
Look at the following statement received from Sunshine Stores, a creditor, and calculate the amount we owe them at the end of the month.
R45 610
R7 550
R16 750
R13 210
During the reconciliation process, it was discovered that a payment of R 1 100 to a creditor was posted on the credit side in the creditors ledger.
Dr. Creditors Reconciliation R1100
Cr. Creditors Reconciliation R1100
Dr. Creditors Ledger R2200
Cr. Creditors Ledger R2200
Debit note 6 had the incorrect amount, after investigation it revealed the correct amount was shown as R12 000 in the Statement of Account. It was recorded as R1200 in the Creditors Ledger
Creditors Ledger decrease
Creditors Ledger increase
Creditors Reconciliation decrease
Creditors reconciliation increase
An Invoice of R10 110 appeared on the statement but was omitted from the Creditors ledger
Dr. Creditors Ledger
Cr. Creditors Ledger
Dr. Creditors Reconcilaition
Cr. Creditors Reconciliation
