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2. 9? bags at R115 were returned to suppliers and the necessary credit received. However, this has not yet been recorded. 3. Additional transport costs

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2. 9? bags at R115 were returned to suppliers and the necessary credit received. However, this has not yet been recorded. 3. Additional transport costs on purchases of R4 EDD were incurred. Thi EFT but not yet recorded. 4. Additional import duties of R3 400 must still be recorded and paid. 5. Total sales for the year is as follows; I 1 March 202D to 28 February 3121; {Total number of bags sol Sold 21% bags at R155 each; and Sold 3 2GB bags at R1T5 each. 6. Bags Wholesalers use the periodic inventory system to record their tr Required: 4.1 Prepare the trading section of the statement of profit or loss and o other comprehensive income for the year ended 28 Feanary 202 4.2 List at least two disadvantages of the Periodic Inventory System. {2)

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