( (

.ill Vodacom 22:19 advtechonline.sharepoint.com Question 3 (Marks: 25) The following is a list of assets and liabilities that appear in the books of Tiger Ltd and Zebra Ltd on 28th February 2019, the last day of the financial year: Tiger Ltd Land and Buildings: R500 000 Equipment: R200 000 Vehicles: R300 000 Debtors Control: R54 000 Petty Cash: R5 000 R27 000 Trading Inventory: Mortgage Loan: R250 000 Creditors Control: R 50 000 Bank (unfavourable): R 40 000 Zebra Ltd Current assets: R160 000 Non-current assets: R800 000 Current liabilities: R30 000 Non-current liabilities: R600 000 Required: Q.3.1 Provide a definition for each of the following terms: Q.3.1.1 Assets. Q.3.1.2 Liabilities. c (2) Q.3.1.3 Debtor. (2) (1) Q.3.2 Calculate the following totals for Tiger Ltd: Q.3.2.1 Non-current assets. Q.3.2.2 Current assets. Q.3.2.3 Current Liabilities. The Independent Institute of Education (Pty) Ltd 2020 + :) (3) (3) (2) Page 5 of 7