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iemester 1 / FAC1501-23-51 / Welcome Message / Assessment 6 The following has not yet been recorded in the accounting record of Africa Traders: 1.
iemester 1 / FAC1501-23-51 / Welcome Message / Assessment 6 The following has not yet been recorded in the accounting record of Africa Traders: 1. Depreciation on vehicles for the year ended February 2022 amounted to R79000. 2. Depreciation on equipment for the year ended February 2022 amounted to R16 950. 3. On 28 February 2022, stationery on hand amounted to R4 880 . 4. SA Traders deposited R17 365 into the bank account of Africa Traders on 27 February 2022 , for services to be rendered in March 2022. 5. During the inventory count (28 February 2022) it was determined that inventory to the amount of R727 800 was on hand. 6. An amount of R29000 will be repayable on the motor vehicle finance before 28 February 2023. 7. The first bi-annual instalment to the amount of R50000 on the long-term loan from ABC Bank is payable on 1 April 2023. Required: What is the total that will be recorded in the statement of financial position for non-current liabilities as at 28 February 2022? NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72) iemester 1 / FAC1501-23-51 / Welcome Message / Assessment 6 The following has not yet been recorded in the accounting record of Africa Traders: 1. Depreciation on vehicles for the year ended February 2022 amounted to R79000. 2. Depreciation on equipment for the year ended February 2022 amounted to R16 950. 3. On 28 February 2022, stationery on hand amounted to R4 880 . 4. SA Traders deposited R17 365 into the bank account of Africa Traders on 27 February 2022 , for services to be rendered in March 2022. 5. During the inventory count (28 February 2022) it was determined that inventory to the amount of R727 800 was on hand. 6. An amount of R29000 will be repayable on the motor vehicle finance before 28 February 2023. 7. The first bi-annual instalment to the amount of R50000 on the long-term loan from ABC Bank is payable on 1 April 2023. Required: What is the total that will be recorded in the statement of financial position for non-current liabilities as at 28 February 2022? NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72)
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