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corperation with Senza and Ngakhona as members, The intormation below pertains to the business activities of the close corporation for the year ended 28 February

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corperation with Senza and Ngakhona as members, The intormation below pertains to the business activities of the close corporation for the year ended 28 February 2022. 1. EXTRACT OF BALANCES AS AT 28 February 2022: 2. Additional information 21 The fixed deposit in Mrambithi bank matures on 21 December 2024. 2.2. Due to itvestment comnitments fequiring cash iriection, the cC decided on the following: Dn 28 February 2022, admitted a new member Tiyani for a contribution of cash amount of R105 000 and equipment valued at R40 500 . This transaction is yet to be recorded. fegether weh interest, with the first instalment on 1 December 2022 . 24. Nifioans to members are immedately catable whist the losa from Senaa is repayable in full on 30 Norember 2023. 2. Additional information 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024 . 2.2. Due to investment commitments requiting cash irjection, the CC decided on the following On 28 February 2022, admitted a new member Tiyani for a contribution of cash amount of R105 000 and equipment valued at R40 500 . This transaction is yet to be recordect. 2.3. The long-term losn from Mrambithi Bank was granted on 1 December 2021 . The loan is secured by a first mortgage over land and buldings and is repwable in four equal annual instalments together with interest, with the first instalment on 1 December 2022 . 2.4. All loars to members are immediately callable whilst the loan from Serva is repayable in ful on 30 November 2023. 25. Ievestments consist of - Investment in Makthathini (Pty) Ltd valued R110 000 +. 2000 shares in Njengabo Ltd at R97 000. These shares were trading at P.50.5 at 28 February 2022. 2.6. The accountant of the CC neglected to record the sale of a vehicle with a cost price of R105 000 . The vehicle was sold for A32000ca2h on 1 November 2021 . The aceumulated depreciation on the vehicle amounted to R78 000 on 1 November 2021. 27. A telephane statement from Telkoen relating to February 2022 was received on 4 March 2022. 2.8. Depreciation for the year which must still be provided for was correctly calculated as tollows: -BuildingsEquipmentVehiclesR154000R.44600R.51100 Which one of the following aliernatives represents the correct carrying amount for land amount that must be disclosed in the statement of financial position of Senzangakhona Painting as at 28 Februsy 2022? a. R 1002700 b. R 1007.200 e. R1002000 A. R. 2896100 corperation with Senza and Ngakhona as members, The intormation below pertains to the business activities of the close corporation for the year ended 28 February 2022. 1. EXTRACT OF BALANCES AS AT 28 February 2022: 2. Additional information 21 The fixed deposit in Mrambithi bank matures on 21 December 2024. 2.2. Due to itvestment comnitments fequiring cash iriection, the cC decided on the following: Dn 28 February 2022, admitted a new member Tiyani for a contribution of cash amount of R105 000 and equipment valued at R40 500 . This transaction is yet to be recorded. fegether weh interest, with the first instalment on 1 December 2022 . 24. Nifioans to members are immedately catable whist the losa from Senaa is repayable in full on 30 Norember 2023. 2. Additional information 2.1. The fixed deposit in Mnambithi bank matures on 31 December 2024 . 2.2. Due to investment commitments requiting cash irjection, the CC decided on the following On 28 February 2022, admitted a new member Tiyani for a contribution of cash amount of R105 000 and equipment valued at R40 500 . This transaction is yet to be recordect. 2.3. The long-term losn from Mrambithi Bank was granted on 1 December 2021 . The loan is secured by a first mortgage over land and buldings and is repwable in four equal annual instalments together with interest, with the first instalment on 1 December 2022 . 2.4. All loars to members are immediately callable whilst the loan from Serva is repayable in ful on 30 November 2023. 25. Ievestments consist of - Investment in Makthathini (Pty) Ltd valued R110 000 +. 2000 shares in Njengabo Ltd at R97 000. These shares were trading at P.50.5 at 28 February 2022. 2.6. The accountant of the CC neglected to record the sale of a vehicle with a cost price of R105 000 . The vehicle was sold for A32000ca2h on 1 November 2021 . The aceumulated depreciation on the vehicle amounted to R78 000 on 1 November 2021. 27. A telephane statement from Telkoen relating to February 2022 was received on 4 March 2022. 2.8. Depreciation for the year which must still be provided for was correctly calculated as tollows: -BuildingsEquipmentVehiclesR154000R.44600R.51100 Which one of the following aliernatives represents the correct carrying amount for land amount that must be disclosed in the statement of financial position of Senzangakhona Painting as at 28 Februsy 2022? a. R 1002700 b. R 1007.200 e. R1002000 A. R. 2896100

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