Let's analyze the bank statement provided for Banele to determine which columns represent the debit and credit amounts.
1. Understanding Debit and Credit:
- Debit: Transactions that reduce the balance in the account. Money is spent or withdrawn.
- Credit: Transactions that increase the balance in the account. Money is received or deposited.
2. Reviewing Transactions:
- 1/4/2024: "Pocket money" shows an increase in the balance, indicating a credit of R500. Before this, the initial balance must have been R355. (Credit)
- 3/4/2024: "ATM: withdrawal CASH" shows a decrease in the balance by R200, resulting in a new balance of R655. (Debit)
- 9/4/2024: "Electronic purchase: airtime" shows another decrease; the balance after this transaction should be reduced by R110. (Debit)
- 20/4/2024: "Wages: Restaurant" again shows an increase by R325, so the balance rises to R1 090. (Credit)
- 23/4/2024: "Purchase: McDonald" shows another decrease; the balance after this transaction should be reduced by R75. (Debit)
- 30/4/2024: "Bank charges: April" shows another decrease; some charges reduce the balance further to R972,50. (Debit)
3. Analyzing the Columns:
- From the 1/4/2024 and 20/4/2024 entries, we note that these are credit transactions as they increase the balance. These amounts appear in the "Amounk" column.
- From the 3/4/2024, 9/4/2024, 23/4/2024, and 30/4/2024 entries, we note that these are debit transactions as they reduce the balance. These amounts appear in the "Amounh" column.
4. Conclusion:
- The "Amounk" column indicates the credit amount because it includes values corresponding to transactions that increase the balance (e.g., Pocket money and Wages).
- The "Amounh" column indicates the debit amount because it includes values corresponding to transactions that decrease the balance (e.g., ATM withdrawal, Electronic purchase, Purchase, and Bank Charges).
Explanation:
- We chose the "Amounh" column as representing the debit amount because each transaction that resulted in a deduction from the balance is listed under this column.
- Similarly, we chose the "Amounk" column as representing the credit amount because each transaction that resulted in an addition to the balance is listed under this column.
Final Answer:
- Amounh indicates debit amount.
- Amounk indicates credit amount.
