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Mark allocation

Each question receives a mark allocation. However, you will only receive a final percentage mark and

will nat be given individual marks for each question. The mark allocation is there to show you the

weighting and length of each question.

Question $1$: General ledger

Question $2$: Trial balance

Question $3$: General journal

TOTAL

Questions

Complete the entire assignment in this dacument. Make sure you have read Madules $1$ to $6$ before

completing this assignment.

Note: Make sure that you show all your warkings within the assignment when calculations are

required.

Question $1$

Out $O$ The Bax is a registered VAT vendor which sells craft supplies, and began trading on

$1$ August. All purchases are made from registered VAT vendors from whom the business always

receives valid tax imvices. The business uses the periodic imentary system to account for inventory.

Using the complete joumal entries, prepare the balance sheet accounts in the general ledger,

balancing any actounts required to be balanced. Years may be ignored in the date column; an

manths $($use abbreviations, e$.$g$.$ "Aug", "Sept"$)$ and days must be shown. No rand symbol is

required in the "Amount" columns.

The complete journals for the manth are included in a separate document, titled "UCT BK Module $6$

Assignment $-$ Journals for Question $1".$ Print this dacument priar to commencing the assignment for

easy reference. Complete the following general ledger accounts:

Capital

Drawings

Motor vehicles

Debtors

CreditorsQuestion $1$

Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on

$1$ August. All purchases are made from registered VAT vendors from whom the business always receives valid tax invoices. The business uses the periodic inventory system to account for inventory.

Using the complete journal entries, prepare the balance sheet accounts in the general ledger, balancing any accounts required to be balanced. Years may be ignored in the date column; only months $($use abbreviations, e$.$g$.$Aug$,$Sept$)$ and days must be shown. No rand symbol $($R$)$ is required in the $$Amount$$ columns.

The complete journals for the month are included in a separate document, titled $$UCT BK Module $6$ Assignment $$ Journals for Question $1.$ Print this document prior to commencing the assignment for easy reference. Complete the following general ledger accounts:

Capital

Date Details Folio Amount Date Details Folio Amount

Drawings

Date Details Folio Amount Date Details Folio Amount

Motor vehicles

Date Details Folio Amount Date Details Folio Amount

Debtors

Date Details Folio Amount Date Details Folio Amount

Creditors

Date Details Folio Amount Date Details Folio Amount

Bank

Date Details Folio Amount Date Details Folio Amount

Petty cash

Date Details Folio Amount Date Details Folio Amount

VAT input

Date Details Folio Amount Date Details Folio Amount

VAT output

Date Details Folio Amount Date Details Folio Amount

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