Adjustments and additional information

Trading inventory according to stocktaking on $29$ February $2024$ amounted to $R36000.$

Stationery unused according to stocktaking amounted to R$1000.$

Interest on fixed deposit has been received until $31$ August $2023.$ Provide for the outstanding

interest.

Provide for outstanding interest on loan for the last month of the financial year.

Included in the insurance total is an annual premium of R$2400$ that was paid for the period

$01$ June $2023$ to $31$ May $2024.$

The water and electricity account for February $2024$ was due to be paid on $02$ March $2024,$

R$2000.$

Rent has been paid for the period $01$ March $2023$ to $31$ March $2024.$ Note: The rental

increased by R$1000$ per month with effect from $01$ March $2024.$

The bank statement for February $2024$ reflected an amount of $R500$ for service fees and

cash deposit fees. No entry has been made for this.

No entry has been made for an account received from Sigma Motors for repairs to a vehicle,

R$5000.$

An insolvent debtor paid Omega Limited R$2000$ which represented $40\%$ of the amount

owed. This has been recorded. The balance of his account must now be written off.

The provision for bad debts must be decreased to R$2000.$

Provide for depreciation as follows:

$12\mathrm{.}1$ On vehicles at $20\%$ per annum on the diminishing balance

$12\mathrm{.}2$ On equipment at $10\%$ per annum on cost$.$

An amount of $R17583$ was overpaid to SARS for company tax$|$