Unformatted text preview: subject to a trade discount of 5% and a further 2½% discount, if his account is paid in full by 28 February 2010. How much will he pay if he plans to pay on 2 March 2010? 2.3 Alice is declared insolvent. She owes AA Stores R1 700. Her lawyer indicates that she is able to pay 30 cents in the rand. What amount will AA Stores have to write off? 1. Purchased petrol on account, R3 000. 2. Purchased an insurance policy and paid by cheque, R250. 3. Invoiced 3 students for a total of R3 000 for daily transport. 4. Received R4 000 in cash for work done. 5. Paid the petrol station, R1 000 on account. 6. Drew a cheque for R10 000 to pay his own university fees. 7. Paid cell phone charges of R500 by cheque....
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This note was uploaded on 02/27/2012 for the course IT 101 taught by Professor Unsure during the Spring '11 term at University of South Africa.
- Spring '11