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1. EXTRACT OF BALANCES AS AT 28 February 2022: 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024. 2.2. Due to irwestment

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1. EXTRACT OF BALANCES AS AT 28 February 2022: 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024. 2.2. Due to irwestment commitments requiring cash injection, the CC decided on the folowing. On 28 February 2022, admitted a new member Tiyani for a contrioution of cash amount of R105 000 and equipment valued at R.40 500 . This transaction is yet to be recorded 23. The long-term loan from Mrambithi Bank was granted on 1 Decomber 2021. The loan is secured by a first mortgage over land and buldings and is repwable in four equal anrual instalments together with interest, with the first instalment on 1 December 2022 . 2.4. All loans to members are immediately calable whilst the loan from Senza is repayable in ful on 30 Norember 2023. 2.5. Investments consist of - Imestment in Makhathini (PIy) Ltd valued \$110 000 2000 shares in Njengabe Ltd at R97 000. These shares were trading at r50.5 at 28 February 2022. 2.8. The accountant of the CC neglected to record the sale of a vehicle with a cost price of R105 c00. The vehicle was sold far 832000 cash on 1Novmber2021. The accumulated deprecation on the vehicle amounted to 178000 on 1 November 2021 . 2.7. A tolephone statement from Telkom relating to February 2022 was received on 4 March 2022. 2.8. Depreciation for the year which mast utill be provided for was cerrectly calculated as follows: Buidings 8154000 Equipment R 44600 Velicles A 61100 Which one of the following alternatives represents the correct prepayments amount that must be disclosed in the statement of financial posifion of Senzangathona Painting as at 28 Febriary 2022? a. R12500 b. R15200 C. R 12000 d. R15500 Which one of the following statements reptesents the correct disclosure of loan from memiber: Senza in the statement of financial position of of Senzangakhon Painting as at 28 February 2002 ? a. the loon is disciosed separately under non-current sabilities b. the loan is disclosed as part of trade and other payables ci the loan is disclosed as part of partiner's current sccounts d. the loan is deducted from the losens to partners e. the loan is disclosed separately under current labinties

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