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Africa Traders is Not a registered VAT vendor. Africa Traders current inancial period and on 28 February 2021. According to Africa trader's policy, stipulate that

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Africa Traders is Not a registered VAT vendor. Africa Traders current inancial period and on 28 February 2021. According to Africa trader's policy, stipulate that staff members quality for a performance bonus in any year, if Profit was generated in that financial period. Performance bonuses are only paid in the following financial year, not in the year a performance bonus was Ramed by staff members. Performance bonus is calculated at 12% of the Profit for the year and the performance bonus is shared amongst staff members equally. Extract from statement of profit or loss and other comprehensive income reflect the following balances (excluding performance bonuses) Salaries and wages Profit for the year 2021 RGO DOO R134 550 2020 R70 000 R16 660 2018 R80 000 R 199 000 Wich of the following option represent the correct disclosure of Salaries and wages and the vand adjustment relating to performance bonus in the relevant financial statements of Atrica Traders for the year-ending on 28 February 20217 A. Statement of finanolal pocition of Afrioa Traders for the year onding 28 Fobruary 2021 Current Atcott Trade and other receivables R21 079 Statoment of pront or loss and other comprehencive Inoome of Afrioa Traders for the year onding 28 February 2021 Salaries and wages R91079 B. Statement of tinanolal pocition of Afrioa Tradere for the yearendin, 28 February 2021 Current Llabilities Tade and other payable R15 147 Statement of profit or loco and other oomprehencive Inoomo of AfrioaTraders for the year ending 28 February 2021 Ses and waigaa R14 Statement of finanolal pocition of AfricaTraders for the year ending 28 February 2021 Current Liabilities Ta and other payabia R21075 Statement of profit or logo and other oomprehencive Inoome Africa Trader on the arending 28 February 2021 RA Sind WAGA D Statement of tinanolal position of Africa Trader for the year ending 23 February 2021 Curcant Llabilito to be Statement of profit or loggi and other comprehensive income of Africa Traderetterthananding 28 February 2021 wa

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