Qualification > Commerce
help in accounting paper 3 plz
Bani:
Ok, for the now Q2, see, the 300 debit represents the money in the bank. Then, it says that the bank statement debited the business's bank account with 1050. Now, this means that for the bank, the business is the debtor (it owes the amount charged). therefore, it will have to be deducted from the current bank balance, which is 300. So, 300-1050= -750, indicating that its a bank overdraft now.
And for the question 5 in M/J 07 and for the question 1 , the debit balance again represents the money in the bank
I hope its cleared. If there is still any confusion regarding this question, please ask :) I'll be more than happy to clear it.
7ooD:
it is related to question 3 cmon answer fast dude
7ooD:
aha thanks i understood it u r the man of the match aside with monica the woman of the match u r heroes :d :d :d
7ooD:
one question is left and this will show who is the winner of the fight if bani wins he gonna have a free trip to the guntanmo prison palm beach if monica wins she will see a picture of a cöol makeup collection :p
Monica:
ok wait give me time....i am a bit busy...BUT WAIT PLZ!!
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