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(3) R22 000 4) R24 000 (5) R21 000 Use the information below to answer questions 8 to 10: The following balances were taken from
(3) R22 000 4) R24 000 (5) R21 000 Use the information below to answer questions 8 to 10: The following balances were taken from the accounting records of Mpumalanga Traders for the year ended 31 August 2018: Capital Mortgage: EZY Bank Land and buildings at cost. Vehicles al cost Equipment at cost...................... Accumulated depreciation Vehicles (1 September 2017) Accumulated depreciation Equipment (1 September 2017) Fixed deposit Investment Bank Inventory Accred expenses . Debtors control Barik (Favourable) Creditors control............ Patty cash.. VAT payable................. Cash float.. ....... Allowance for creat losses 352 000 500 000 700 000 100 000 30 000 25 000 9 000 90 000 50 000 17 000 20 000 40 500 23 000 2 500 5 000 1 500 3 500 Additional information Depreciation must be provided for as follows: . On vehicles at 25% per annum occording to the straight-line method On equipment at 30% per annum on the reducing-balance method What is the total amount for current assets to be disclosed in the statement of financial position of Mpumalanga Traders for the year ended 31 August 2017 (1) R111 000 12) R114 500 (3) R120 000 (4) RAS6 000 15) R873 000 FAC 1501/01/1/2019 ASSIGNMENT 2, SEMESTER 2 (continued What is the trade and other payables amount to be disclosed in the slament of financiar cosition of Mpumalanga Traders for the year ended 31 August 2018? (1) R17 000 (2) R23 000 13) R6 000 (4) R40 000 (5) R46 000 10. What is the property, plant and equipment amount to be disclosed in the statement of financial position of Mpumalanga Traders for the year ended 31 August 2018? (1) R750 000 2) R754 700 13) R714 700 (4) R762 000 15) R770 950 Use the information below to answer questions 11 to 12: The following information was obtained from the accounting records of Shirandzu Stores for the inancial year ended 30 June 2018: 250 000 BOZI DOD Sales 790 000 Inventory (1 July 2017)..... Sattlementscount granted.......... Settlement discount received Purchases Salas returns ... Transport on sales....... Purchases returns ...... ventory (30) June 2018) 3 500 270 000 om a antity uses the periodic inventory control s account of closed What is the urchases amount to be res for the year ended 30 June 2016 (1) R773 500 12) R770 000 (3) R778 500 4) R765 000 (5) R772 500
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