Complete Activity 1 and Activity 2 relating to the accounting cycle, transactions, and source documents.

Here are the solutions for Activity 1 and Activity 2.

Activity 1: Concepts relating to the accounting cycle

• 1.1 Subsidiary journals: D
• 1.2 Transactions: A
• 1.3 Source document: B
• 1.4 Trial balance: E
• 1.5 General Ledger: C

Activity 2: Transactions and Source documents

• 2.1 Receipt: Receipt
• 2.2 Cheque counterfoil: Payment
• 2.3 Cash invoice: Receipt
• 2.4 Cash register roll: Receipt
• 2.5 EFT proof: Payment