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Answer ALL questions. QUESTION 1 FINANCIAL STATEMENT OF SOLETRADER (20 Marks) REQUIRED: The statement of comprehensive income of Big-Boy Traders for the year ended 28
Answer ALL questions. QUESTION 1 FINANCIAL STATEMENT OF SOLETRADER (20 Marks) REQUIRED: The statement of comprehensive income of Big-Boy Traders for the year ended 28 February 2018 Information: PRE-ADJUSTEMENT TRIAL BALANCE OF BIG-BOY TRADERS AS AT 28 FEBRUARY 2018 Adjustments 1. According to physical stocktaking done on 28 February 2018 , the following were on hand: Trading inventory, R58 000 Stationery, R400 2. No entry has been made for a cheque of R2 000 received from a debtor P. Martin in settlement of his debt of R2 100. 3. An account received from Honda Motors for the replacement of tyres on the motor vehicle has not been recorded, R4 000 . Answer ALL questions. QUESTION 1 FINANCIAL STATEMENT OF SOLETRADER (20 Marks) REQUIRED: The statement of comprehensive income of Big-Boy Traders for the year ended 28 February 2018 Information: PRE-ADJUSTEMENT TRIAL BALANCE OF BIG-BOY TRADERS AS AT 28 FEBRUARY 2018 Adjustments 1. According to physical stocktaking done on 28 February 2018 , the following were on hand: Trading inventory, R58 000 Stationery, R400 2. No entry has been made for a cheque of R2 000 received from a debtor P. Martin in settlement of his debt of R2 100. 3. An account received from Honda Motors for the replacement of tyres on the motor vehicle has not been recorded, R4 000
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