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Debit Credit R R Financial position section Capital 320 000 Drawings 20 000 Land and buildings at cost price 500 000 Mortgage 400 000 Vehicles
Debit Credit R R Financial position section Capital 320 000 Drawings 20 000 Land and buildings at cost price 500 000 Mortgage 400 000 Vehicles at cost price 200 000 Equipment at cost price 50 000 Accumulated depreciation. Vehicles 80 000 Accumulated depreciation: Equipment 9 500 Inventory 67 500 Debtors control 19 500 Creditors control 41 000 Allowance for credit losses 800 Accrued expenses 1 500 Bank 10 000 Petty cash 6 000 Total comprehensive income for the year 20200 873 000 873 000 Additional information: The mortgage loan with interest at 9% per annum is repayable over a period of 20 years. The capital that will be repaid from 1 March 2019 to 28 February 2020 amounted to R20 000. No interest was due at the end of the financial year Cash and cash equivalents on the statement of financial position of Giyan Tracers as at 28 February 2019 will amount to ... A.R19 500 + R10 000 + R6 000 = R85 500 B. R10 000 + R6 000 = R16 000 C. R6 000 D. R10 000
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