Assignment MLIT
QUESTION 1
1.
personal Current account from the bank
Persha is a client of BANK-ONE. He receives his monthly bank statement for his
Table 1: Account summary
Account type
Accbunt number
123324.423
Tvelope:
Total pages:
1 of 1
Balance
Credits
Fees
(R)
Debits
(R)
254.45
15 254.45
10 254.45
15 000.00
5 000.00
Current account
Statement datel 18/06/2019
Statement period: 18/05/2019 - 18/06/2019
Statement frequency: Monthly
Date
Description
20/05/2019 Opening balance
20/05/2019 CAP JUSTINVEST 33244
20/05/2019 CASH WITHDRAWAL
SIGNET B534322
20/05/2019 CASH WITHDRAWAL FEE
20/05/2019 SAVINGS 32323
21/05/2019 SASOL N12 NORT3442
23/05/2019 ATM CASH 53442
28/05/2019 MAITENANCE FEE
29/05/2019 BP PROTEA GL432
30/05/2019 ATM CASH 53442
03/05/2019 EDGARS PROTEA 3424
03/06/2019 HOMELOAN
12/06/2019 GAME TRADE ROU 789
18/06/2019 SASW CASH 53442
18/06/2019 ENGEN KRANSK 53442
Closing balance
12.00
150.00
5 000.00
400.00
600.00
110.00
400.00
250.00
500.00
A
5 104.45
4 704.45
4 104.45
3 994.45
3 594.45
3 344.45
2844.45
10 000.00 12 844.45
12 215.45
10 715.45
10 058.56
10 058.56
38.00
629.00
1 500.00
656.89
(2)
1.1
1.2
Write down the opening balance in this statement.
Calculate the value of A in the statement.
What does the word credit mean in the context of this personal bank
statement?
1.3
1.4
A cash withdrawal of R5 000.00 was made at Signet Blue on the 20/05/2019.
Calculate what percentage the withdrawal fee is of the transaction amount.
(3)​