During February 2022, the following occurred in the business of Nam-Tura Trading, a general dealer: Feb 2022 Nam-Tura deposited an amount of N$200 000 into the bank account of the business. 3 Paid for...


During February 2022, the following occurred in the business of Nam-Tura Trading, a general dealer:<br>Feb 2022<br>Nam-Tura deposited an amount of N$200 000 into the bank account of<br>the business.<br>3<br>Paid for an advertisement on Facebook using the debit card of the<br>business, N$2 500.<br>4<br>Sold goods on credit to Mr Hosea, N$100 000.<br>Paid for repairs to Nam-Tura's personal vehicle N$3 250 by electronic funds<br>transfer (EFT)<br>10<br>Purchased goods on account from H. Haufiku, N$150 000.<br>12<br>Mr Hosea returned damaged goods worth N$5 000.<br>Mr Hosea settled his account by directly deposited the amount into the<br>business bank and received 5% discount.<br>15<br>28<br>Received interest on the positive balance in the bank account N$2 500<br>Determine the amount of drawings as at 28 February 2022.<br>Answer:<br>CO<br>

Extracted text: During February 2022, the following occurred in the business of Nam-Tura Trading, a general dealer: Feb 2022 Nam-Tura deposited an amount of N$200 000 into the bank account of the business. 3 Paid for an advertisement on Facebook using the debit card of the business, N$2 500. 4 Sold goods on credit to Mr Hosea, N$100 000. Paid for repairs to Nam-Tura's personal vehicle N$3 250 by electronic funds transfer (EFT) 10 Purchased goods on account from H. Haufiku, N$150 000. 12 Mr Hosea returned damaged goods worth N$5 000. Mr Hosea settled his account by directly deposited the amount into the business bank and received 5% discount. 15 28 Received interest on the positive balance in the bank account N$2 500 Determine the amount of drawings as at 28 February 2022. Answer: CO

Jun 09, 2022
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