Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answers you want to chan on the options must be entered again and not want to change. If you do not want to change your
answers you want to chan on the options must be entered again and not want to change. If you do not want to change your original submission, please do not click on the resubmit button because them answers of the first submission will disappear and you will have naught for assignment. Use the information provided below, for Siveza Traders for the financial 28 February 20.8, to answer questions 1 to 3. Siyeza traders is an enterprise that sell motor vehicles in the ordinary course of business at a mark-up of 45% on cost. During the current financial period, Siyeza Traders sold eight motor vehicles for a cash price of R80 000 each (15% VAT inclusive). Round your answer off to the nearest Rand. 1. Income earned from the sale of motor vehicles will be classified under ... in the statement of profit or loss and other comprehensive income. (1) Other income (2) Profit on sale of motor vehicle (3) Revenue (4) Gains (5) Finance income 43
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started