Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Additional information 1. The tax calculated on the pre-tax profit for the year amounted to R180 000. Provisional company tax payments for the year ended

image text in transcribed Additional information 1. The tax calculated on the pre-tax profit for the year amounted to R180 000. Provisional company tax payments for the year ended 30 June 2022 totalled R156 000 . 2. Dividends for the year: 2.1 Interim dividend paid on 31 December 2021: 40 cents per share. 2.2 Final dividend declared on 30 June 2022: 74 cents per share. 3. The provision for bad debts balance on 30 June 2021 was R5 000. The provision for bad debts is calculated at 5% of book debts. 4. Payments totalling R76 000 to Lendor Bank, including R36 000 for interest, will be made during the next financial year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

More Books

Students also viewed these Accounting questions

Question

Recount the fundamental assumptions of the muted group theory

Answered: 1 week ago

Question

Compare and contrast monochronic and polychronic time orientations

Answered: 1 week ago

Question

Compare and contrast cultural preferences for privacy

Answered: 1 week ago