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just skip Question 2 I don't have any additional information

Tald Lu dh covers quesuons 1-12. Machivandihala Ltd is a company incorporated in 2016 and has a 28 February financial year-end. The company's accountant presented the following information to you as the accounting officer of the company: MACHIVANDIHALA LTD EXTRACT OF BALANCES AS AT 28 FEBRUARY 2021: Retained earings (1 March 2020) Share capital. Ordinary shares (1 March 2020) Inventory (1 March 2020) Trade receivables control Petty cash Loan: Nandoni Bank SARS (income tax) (Dr) Land and buildings at revaluation Equipment at cost Accumulated depreciation Equipment Revaluation surplus (1 March 2020) Income received in advance Allowance for credit losses Bank (Dr) Trade payables control Auditor's remuniration R 235 400 666 300 37 500 263 800 6400 110 900 28 900 1 041 100 542 100 77 800 97 200 7 500 5700 120 900 215 300 39 400 1 341 000 2200 1.900 6.900 256 000 250 600 1 600 189 700 4.600 7400 5.600 Sales Carriage on sales Selllement discount received Allowance for settlement discount granted Purchases Salaries and wages Camage on purchases Directors remuneration Settlement discount granted Stationery Telephone Additional information: 1. The allowance for credit losses must be adjusted to R6 600. A debtor who owes the business R10 300 was declared insolvent and must be written off as irrecoverable 2 The income tax for the financial year ended 28 February 2021 amounted to R121 100 and must still be recorded. 3 Authorised share capital consists of 400 000 NPV ordinary shares Share capital stated above consists of ordinary shares issued at R3.5 per share On 01 December 2020, the directors issued 57 000 shares al R48 per share, the shares were taken up by the public on 1 February 2021, this transaction has not been recorded 4. 5. The loan from Nandoni was acquired on 1 March 2018 at an interest rate of 8% per annum Interest on all loans for the current financial year has not yet been accounted for The loan is repayable in four annual equatinstalments with effect from 1 March 2021 Directors made the following resolutions at year end Dividends dedared at 80 cents per share and will paid at the end of April 2021 A total bonus amounting to R72 000 must be paid to directors on 30 April 2021 Only 30% of the auditors fees were paid at the end of the year with the remainder to be paid the auditors during the second week of March 2021 The above transactions have not been recorded. 6. 7 Provision of B38 400 must still be made for depreciation on equipment Inventory on 28 February 2021 consisted of the folloiving Inventory (stock) on hand R45.000 Stationary on hand R 4400 8 The revaluation of land for the current year resulted in a revalualon surplus amounting to R99 000 QUESTION 1 Which alternative represents the correct amount for revenue in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? A. 1336 400 . OB. 1230 200 . C. 1-461 700 . D. 1.456 600 E. 1 226-000 F 1341 000 Rese: Selection QUESTION 2 Which alterative represents the correct amount for cost of sales in the statement of profit or loss and other comprehensive income of Machivandihala Lid for the year ended 28 February 2021? A. 312 800 B. 314 200 . C.362 500 . D. 338.200 . E. 336 600 E. 364.300 HO ReseSelection QUESTION 3 Which alternative represents the correct amount for salaries and wages in the statement of profit or loss and other comprehensive income of Machivandihala Lid for the year ended 28 February 2021? . A. 250.600 O B.210 900 O C. 273 200 OD. 157 900 . E. 201 200 . O F. 229 900 Reset Selection QUESTION 4 Which alternative represents the correct amount for director's remuneration in the statement of profit or loss and other comprehensive income of Machivandihala Lid for the year ended 28 February 2021? . O A. 246 000 . O B.278 800 . O C. 189 700 O D. 174 000 E. 206 800 . @ F. 261 700 Reset Selection QUESTION 5 Which alternative represents the correct amount for auditor's remuneration in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? O A. 39 400 O B. 33 100 O C.43 100 D. 36 100 E. 39 000 @ F.43 000 Resel Selection QUESTION 6 Which alternative represents the correct amount for credit losses in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? . O A. 23 100 . O B.22 600 . O C. 11 700 O D. 11 200 . O E. 10 700 . O F. 22 100 Reset Selection QUESTION 7 Which alternative represents the correct accounting treatment of carriage on sales amount in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? . O A. Added to the cost of sales amount B. Added to the settlement discount granted . O C. Deducted from cost of sales amount . D. Added to purchases amount . O E. Disclosed a an expense under distribution, administrative and other expenses . F. Deducted from revenue amount Reset Selection QUESTION 8 Which alternative represents the correct amount for stationary expense in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? O A. 8100 . O B.2 300 . C. 3 700 OD. 6 700 . O E. 7400 . OF.3000 Reset Selection QUESTIONS Which alternative represents the correct amount for telephone expense in the statement of profit or loss and other comprehensive income of Machivandihala Lid for the year ended 28 February 20212 . A. 2600 . B. 6 200 O C.5 600 D. 4600 . E. 5 200 . O F.5 100 Reset Selection QUESTION 10 Which alternative represents the correct amount for interest on loan in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? . O A. 8 872 . OB. 8 827 . C.9548 . CD. 7600 . E. 9 584 . F. 8 208 Reset Selection QUESTION 11 Assume the correct profit before tax amount is R258 000. Which alternative represents the correct amount for profit for the year in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? . O A. 133 900 B. 129 900 . C. 256 128 . D. 210 992 . E. 128 900 . O F. 136 900 Reset Selection QUESTION 12 Assume the correct profit for the year amount is R202 000. Which alternative represents the correct amount for total comprehensive income for the year in the statement of profit or loss and other comprehensive income of Machivandihala Ltd for the year ended 28 February 2021? O A. 299 000 B. 136 900 C. 300 000 D. 301 000 E. 133 900 F. 302 000 Reset Selection