Let talk accounting

11/01/2026

Q2 which one of the following represent short term liability?
A) Debtors control
B) Capital
C) Current portion of loan
D) mortgage loan

11/01/2026

Let start this by opening our mind with basic accounting.
Which one of the following is an equity
A) account payable
B) Trading stock
C) Water and electricity
D) long term loan

11/01/2026

Good afternoon and happy new
(2026)

14/09/2025

Sales 3000 and gross profit 500
Use this information to calculate the cost of sales
A 3500
B 6
C 4000
D 2500

09/09/2025

To calculate the cost of sale using periodic inventory system at the end of the year, you have to take opening balance of stock +purchases + carriages- return - closing balance.
State whether the statement is true or false.
A. True
B. False

07/09/2025

Calculate other operating income.
Information: Operating profit:57000, operating expenses :30 000, sales: 250 000.
A) 280 000
B) 37 000
C) 307 000
D) 87 000

07/09/2025

Sale - cost of sales =?
a) gross sales
b) net profit
C) Gross profit
D) operating profit

02/09/2025

Where is income received in advance recorded in the balance sheet. Choose the correct answer.
A. Inventory
B. Cash and cash equivalent
C. Trade and other receivable
D Trade and other payable

01/09/2025

Try to answer this question:
The credit balance of R1000 of creditors ledger must be transfered to debtors ledger.
How this transaction will be recorded
In the balance sheet, choose the correct answer.
A) TR +1000 and TP - 1000
B) TR -1000 and TP - 1000
C) TR - 1000 and TP + 1000
D) TR +1000 and TP + 1000
( NOTE: TR - TRADE RECEIVABLE AND TP - TRADE PAYABLE)

18/01/2025

Which one is referred as cash books in the following?
A) CJ
B) CRJ
C) DJ
D) GJ
E) CRJ
i) A , C ,and E
ii) B and C only
iii) A, B and D
iv) all of above

13/01/2025

Matric results 2024

10/01/2025

Greetings to everyone and happy new year.

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