Adjustments and additional information

$1.$ Inventory on hand on $28$ February $2021$ amounted to R$91000.$ Inventories are measured at cost$,$ on a FIFO method and at net

realisable value, whichever is the lower.

$2.$ Consumable stores according to stocktaking on $28$ February $2021$ amounted to R$900.$

$3.$ Advertising included a payment of R$1080$ for advertisements to appear in a local newspaper from $1$ November $2020$ to$30$ April $2021.$

$4.$ Depreciation is provided annually on equipment at $10\%$ p$.$a$.$ using the diminishing balance method.

$5.$ The loan from BTK bank is an unsecured loan that was granted to Albany $($Pty$)$ Ltd on $01$ February $2020.$ Provide for outstanding interest

on loan. The loan is repayable in $10$ equal instalments. The first instalment is payable on $31$ March $2021$

$6.$ The investment at TT Bank was made on $1$ June $2020.$ Provide for outstanding interest on the fixed deposit. The fixed deposit matures

on $1$ June $2021.$

$7.$ The tenant has already paid the rent for March $2021.$ Note that the monthly rental of R$6000$ was increased by $10\%$ with effect from $1$

December $2020.$

$8.$ A debit order for R$500$ for the insurance of the owner$$s home was erroneously entered in the Insurance account.

$9.$ A debtor who owed R$800$ has been declared insolvent. His estate paid a first and final dividend of $70$ cents in the Rand. The balance of

his account must be written off. No entries have been made for these transactions.

$10.$ A debtor$$s account with a credit balance of R$200$ must be transferred to her account in the creditor$$s ledger.