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13. The following information was taken from the books of ROSAS FLOWER SHOP at 28 February 20.1 before any adjustments, or closing entries had been made:

R

Credit losses recovered............................................................................... 780

Trade receivables control ............................................................................ 31 270

Allowance for credit losses (1 March 20.0).................................................. 1 405

Credit losses................................................................................................ 750

Credit sales ................................................................................................. 40 500

Cash sales................................................................................................... 12 750

Additional information A further amount of R170 must be written off. On 28 February 20.1 the allowance for credit losses account should amount to R1 555.

Which one of the following amounts represents the net amount in respect of trade receivables to be disclosed in the statement of financial position of ROSAS FLOWER SHOP at 28 February 20.1?

(1) R29 536,50 (2) R29 545,00

(3) R29 695,00

(4) R28 832,50

(5) R31 270,00

14. FLOTANA uses control accounts. Which of the following alternatives will cause the trial balance not to balance?

(1) A credit loss was debited to the trade receivables control account and the credit loss account.

(2) A credit purchase invoice was correctly entered as R325 in the purchases journal, but the amount was incorrectly posted as R235 to the personal account of the creditor.

(3) The bank overdraft appears as a credit balance in the trial balance.

(4) A credit sales invoice of R1 090 was incorrectly entered as R190 in the sales journal and posted as such to the personal account of the debtor.

(5) The trade payables control account was incorrectly credited with purchases returns and the purchases returns account was incorrectly debited with the same amount.

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