Question
Additional information needed for year-end adjustments is as follows Ordinary Share Capital Sales Trade payables Purchases returns Purchases Sales retums Carriage outwards Carriage inwards Rental
Additional information needed for year-end adjustments is as follows
Ordinary Share Capital Sales Trade payables Purchases returns Purchases Sales retums Carriage outwards Carriage inwards Rental expense Insurance expense Salaries Cash at Bank Opening Inventory at I M January 2022 Trade Receivables Plant and Equipment at cost Accumulated Deprectatim January 2022: Plant and Equipment Office Furniture at cost page 2 of 6 Additional informabon needed for year-end is as follows: 200.000 21,000 112.500 600,000 37.000 190.000 19,000 Insurance for Jan 2023 Closi Invento . at 31 December 2022 Irrecoverable debts to be written off as at 31 December 2022 reciation for the Plant and ipment Depreciabon for the year Office Fumiture You are to calculate the following values: Vi_ Net Sales Cost of sdd Gross Profit Total Operating Expenses Net Profit Total Noncurrent Assets Total Current Assets Total Equity Total Current Liabilities Sl.500 S31.ooo S3.ooo $25,000 $19,000 20% on cost II .5 marks) [3 marks] (1_5 marks] [4.5 marks] [1_5 marks] [2.5 marks] (3 marks] (2 marks] [I _S marks]
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