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ALL questions in this paper. [100 MARKS] QUESTION 1 (20 MARKS) REQUIRED Prepare the Statement of Comprehensive Income of Dundee Traders for the year ended
ALL questions in this paper. [100 MARKS] QUESTION 1 (20 MARKS) REQUIRED Prepare the Statement of Comprehensive Income of Dundee Traders for the year ended 28 February 2023. INFORMATION The pre-adjustment trial balance and additional information given below were extracted from the accounting records of Dundee Traders on 28 February 2023, the end of the financial year. DUNDEE TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2023 Debit (R) Credit (R) Balance sheet accounts section Capital 750 000 Drawings 325 000 Vehicles at cost 1 000 000 Equipment at cost 600 000 Accumulated depreciation on vehicles 455 000 Accumulated depreciation on equipment 195 000 Trading inventory 320 000 Debtors control 165 000 Provision for bad debts 5 000 Bank
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