On 17 January 2021, SA Traders, a debtor of Africa Traders, did a direct deposit payment of R11 000 in Africa Traders' bank account to settle its account. Africa Traders is not a registered VAT...


On 17 January 2021, SA Traders, a debtor of Africa Traders, did a direct deposit payment of R11 000 in Africa<br>Traders' bank account to settle its account. Africa Traders is not a registered VAT vendor.<br>Which account will be debited, and which account will be credited in the general ledger of Africa Traders?<br>Select one:<br>O a. Debit the Bank account with R11 000, and credit the Trade receivables control account with R11 000.<br>O b. Debit the Bank account with R11 000, and credit the Sales account with R11 000.<br>O c. Debit the Sales account with R11 000, and credit the Bank account with R11 000.<br>O d. Debit the Trade receivables control account with R11 000, and credit the Bank account with R11 000.<br>

Extracted text: On 17 January 2021, SA Traders, a debtor of Africa Traders, did a direct deposit payment of R11 000 in Africa Traders' bank account to settle its account. Africa Traders is not a registered VAT vendor. Which account will be debited, and which account will be credited in the general ledger of Africa Traders? Select one: O a. Debit the Bank account with R11 000, and credit the Trade receivables control account with R11 000. O b. Debit the Bank account with R11 000, and credit the Sales account with R11 000. O c. Debit the Sales account with R11 000, and credit the Bank account with R11 000. O d. Debit the Trade receivables control account with R11 000, and credit the Bank account with R11 000.

Jun 09, 2022
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