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    Category: N Level

    2020 SACSS 3N POA EOY P1 Q1

    1 Almanda owns a trading firm.  The following are business transactions with Trisha for the month of December 2019. Trade receivable – Trisha account Date…

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q7

    7 Ernest buys and sells computers. At the financial year end on 31 March 2020, he supplied the following information.   $ Computers, 1 March…

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q6

    6 The following balances were extracted from the books of Ash, a florist on 31 August 2020.   $ Cost of sales 123 860 Sales…

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q5

    5 Bala has extracted the following balances from the ledger accounts of his business as at 30 June 2020.   $ Capital  17 470 Drawings…

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q4

    4 Fatin is a grocery distributor. The following transactions took place in the month of May 2020. 2020   May 1 Capital balance    …

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q3

    3  Angie is confused of some of the terms in her financial statements. REQUIRED a. Explain the difference between cash transaction and credit transaction. [2]…

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q2

    2  Ahmad owns a bakery. The following balances were extracted from his books on 30 June 2020.   $ Fixtures and fittings 85 000 Trade…

    caleb April 8, 2021

    2020 JYSS 3N POA EOY P2 Q1

    1 Tania is a retailer, selling bags. REQUIRED a. Classify the items in the table by placing a tick (√) in the appropriate column. [6]…

    caleb April 8, 2021

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