NTS mant paid rent up to 30 November 2020. The rent was increased by R80 from 1 December employee is omitted in the salaries journal for December 2020 R9 200 Net salary Deductions R2 400 Employers contributions R 350 Gross salary ? ance amount includes a premium of R2 400 paid for the period 1 August 2020 to 31 July tock taking records on 31 December 2020 reflected the following on hand : - Trading stock R64 700 R107 Stationary vater and electricity account of R412 for December 2020 is still payable. or C Peter is overseas for an unlimited period and cannot be traced. Write off his debt of as irrecoverable. est on fixed deposit excluded interest for the last quarter of the financial year. reciation must be taken into account as follows: On equipment at 15% p.a. on diminishing balance method - On vehicle at 10% p.a. on cost price method. ED ANSWER 31 Cost of sales Profit and loss a/c This amount is the gross profit TRADING ACCOUNT 400 000 Dec 306 200 2020 706 200 31 Sales F1 [720 000-13