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Please assist Match the statement in column A with the correct term in column B. Mpho owns a retail shop called Mpho’s General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases goods for cash and on credit from only one supplier, Zoom Stores.

Please assist Match the statement in column A with the correct term in column B. Mpho owns a retail shop called Mpho’s General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases goods for cash and on credit from only one supplier, Zoom Stores.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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Please assist Match the statement in column A with the correct term in column B. Mpho owns a retail shop called Mpho’s General Dealers and sells goods mostly for cash. Only one customer, Mr Andile, buys goods on credit from Mpho. Mpho also purchases goods for cash and on credit from only one supplier, Zoom Stores.
Column A A. B. C. D. E. Zoom Stores. Mr Andile. General ledger account that provides us with an exact amount of how much is being owed to us from credit sales. General ledger account that provides us with an exact amount of how much we owe from credit purchases. The list that is totalled and compared with the balance of the debtor's control account at the end of each month. Column B 1. Creditor's Control or Accounts Payable Creditor Debtor's List 2. 3. 4. 5. 6. 7. 8. Debtor Debtor's Control or Accounts receivable Bank statement Cash book receipts Cash book payments
Transcribed Image Text:Column A A. B. C. D. E. Zoom Stores. Mr Andile. General ledger account that provides us with an exact amount of how much is being owed to us from credit sales. General ledger account that provides us with an exact amount of how much we owe from credit purchases. The list that is totalled and compared with the balance of the debtor's control account at the end of each month. Column B 1. Creditor's Control or Accounts Payable Creditor Debtor's List 2. 3. 4. 5. 6. 7. 8. Debtor Debtor's Control or Accounts receivable Bank statement Cash book receipts Cash book payments
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