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30153 ICLULIN Commission Income Rent received Purchases Purchases Returns Bad Debts/credit losses Insurance Packing material Salaries Water and electricity Additional information: Inventory on 31 December
30153 ICLULIN Commission Income Rent received Purchases Purchases Returns Bad Debts/credit losses Insurance Packing material Salaries Water and electricity Additional information: Inventory on 31 December 2023: Trading inventory R6 500 Packing Material R175 Debtor Jacob is insolvent. His debt of R140 has been written off as irrecoverable Provision must be made for depreciation as follows: a. Vehicles 20% on diminishing balance method/reducing balance. b. Furniture 10% Straight Line method. A Debtor, Mr Paul who wed R230 finally managed to pay his debt that was previously written off as irrecoverable in 2010. This was not considered in the above trail balance. REQUIRED: 670 1950 170 55 550 230 2 750 800 38 500 3300 Prepare the Statement of Comprehensive Income for ALKAM Limited for the year ended 31 December 2023. (30)
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