On 29 February 2020, the end of the financial year, the Loan account had a balance of R90 000 and the interest on loan account reflected a total of R10 800. The interest rate is 12% p.a. and interest is not capitalised. Note: A repayment of R10 000 is made on 01 September of each year. The repayment on 01 September 2019 has been recorded. In view of the above, which one of the following statements is true? O A. The non-current liabilities will reflect an amount of R90 000. O B. The interest expense for the year is R11 400. O C. The amount that would be reflected as accrued expenses for interest on loan is R1 200. O D. The current liabilities will increase by R10 000. The carrying value of equipment was R400 000 on 01 March 2019, the start of the financial year, and R500 000 on 29 February 2020. Depreciation for the year ended on 29 February 2020 amounted to R40 000. Which one of the following represents the cost of the equipment that was purchased during the financial year? O A. R100 000 O B. R60 000 O C. R360 000 O D. R140 000 The information which follows, was obtained from the accounting records of Vista Traders on 29 February 2020, the end of the accounting period: R 250 000 Inventory on 28 February 2019 Inventory on 29 February 2020 Purchases 200 000 900 000 50 000 Carriage on purchases Carriage on sales 10 000 Sales 1 900 000 Which of the following represer the of sales for the year ended 29 February 2020? O A. R990 000 O B. R1 000 000 O C. R1 400 000 O D. R900 000 The following information was obtained from the accounting records of Vierra Traders on 29 February 2020, the end of the financial year: R Interest income 1 000 Rent income 72 000 Discount received 6 000 Provision for bad debts (decrease) 8 000 Sales 300 000 Which of the following represents the total "Other operating income that would be reflected in a statement of comprehensive income? O A. R386 000 O B.R78 000 O C. R86 000 O D. R79 000 The insurance total of R9 000 on 29 February 2020, the end of the financial year, included a premium of R3 000 that was paid for the period 01 December 2019 to 30 November 2020. Which of the following represents the insurance expense for the year ended 29 February 2020? O A. R2 250 O B. R9 000 O C. R6 000 O D. R6 750