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4G 58% 12:48 Question 1 of 20 3.0 Points b The bookkeeper at MD Zeni has discovered that the following errors have occurred during the
4G 58% 12:48 Question 1 of 20 3.0 Points b The bookkeeper at MD Zeni has discovered that the following errors have occurred during the year which affect the amount for property, plant and equipment (PPE) in the statement of financial position (SFP): a. Maintenance costs of R2 300 should have been expensed. The purchase of new equipment costing R20 500 has been added to the amount for property, plant and equipment twice c. Finance costs on a loan to purchase new vehicles of R1 800 was included in the amount for property, plant and equipment. The correction of these errors will cause the carrying value of property, plant and equipment in the statement of financial position to . A. Increase by R20 500 only . O B. Decrease by R24 600. . C. Decrease by R1 800 only. D. Decrease by R2 300 only . O E. Decrease by R22 800 only Reset Selection Question 2 of 20 3.0 Points On 1 November 2018 Mars Traders paid rental to the amount of R25 668 for 12 months. The pre-adjustment trial balance for the year ended 28 February 20.19 reflected an amount for rental expenses of R25 668 as well as an amount for prepaid rental expenses at 1 March 20.18 of R12 780. The only transaction that has been recorded or processed in the accounting books of Mars Traders regarding rental expenses related to the payment that was made on 1 November 20.18 and no other transaction or adjustment has been taken into account as yet. The amount for prepaid rental expenses to be disclosed in the statement of financial position for the year ended 28 February 20.19 will be... (round off your final answer to the nearest rand) . A. R17 112 . OB. R4 332 . C. R29 892 . D. R21 336 . E. R8 556 Reset Selection . L
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