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You are given a bank statement. Answer the following questions based on the statement.

Accounting

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Here are the solutions to the banking document questions:

  1. The opening balance is One thousand three hundred ninety-six Rand and ninety-eight cents.

  2. In a bank statement, a debit is money taken out of the account, reducing the balance. A credit is money put into the account, increasing the balance.

  3. Step 1: Identify all bank charges from the statement.

    • Cash deposit fee: R48.00\text{R}48.00
    • ATM charge (5/8): R7.50\text{R}7.50
    • ATM charge (6/8): R7.50\text{R}7.50
    • ATM charge (7/8): R0.00\text{R}0.00 (nil)
  1. Sum the identified bank charges.

    $$
    \text{Total charges} = \text{R}48.00 + \text{R}7.50 + \text{R}7.50 + \text{R}0.00 = \text{R}63.00
    $$
    The total amount paid in bank charges is $\boxed{\text{R}63.00}$.
    

    4. Step 1: Locate the transaction on 4/8 that increased the balance. The "Medical Aid refund" transaction on 4/8 shows a credit of R765.56\text{R}765.56.

  2. State the amount and reason.

    The amount deposited into the account on 4/8 was $\boxed{\text{R}765.56} $ for a **Medical Aid refund**.
    

    5. The ATM withdrawal on 7/8 would have a nil (zero) charge if it was done at an ATM belonging to the same bank as Themba's account, or if Themba has a specific account package that waives ATM withdrawal fees.

    1. Step 1: Calculate balance A. The balance before "Nu-metro movies" was R1,396.98\text{R}1,396.98. The "Nu-metro movies" transaction is a debit of R72.00\text{R}72.00. Balance A=R1,396.98−R72.00=R1,324.98\text{Balance A} = \text{R}1,396.98 - \text{R}72.00 = \text{R}1,324.98
  3. Write balance A in words.

    Balance A is $\boxed{\text{R}1,324.98} $. In words, it is **One thousand three hundred twenty-four Rand and ninety-eight cents**.
    

    7. Step 1: Calculate balance B. The balance before "Medical Aid refund" was R3,839.00\text{R}3,839.00. The "Medical Aid refund" transaction is a credit of R765.56\text{R}765.56. Balance B=R3,839.00+R765.56=R4,604.56 \text{Balance B} = \text{R}3,839.00 + \text{R}765.56 = \text{R}4,604.56 Balance B is R4,604.56\boxed{\text{R}4,604.56} .

    1. Themba is having a current account (also known as a checking account), which is used for daily transactions like withdrawals, deposits, and payments.

    2. ATM stands for Automated Teller Machine.

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