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PART B (10 MARKS) The financial statements of Taigo Lid for the year ended 30 (June 2022 were presented to the board of directors for

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PART B (10 MARKS) The financial statements of Taigo Lid for the year ended 30 (June 2022 were presented to the board of directors for authorization for issue on 31 August 2022. You are the accountant of the company. The following events have taken place since the reporting period date: Event 1 YE Mr AKA has been one of Taigo Lid's main clients since the incorporation of the company. His account has been unpaid for the past 16 months, however as he is a trusted family friend Taigo Lid has continued to sell to him. As at the end of the reporting period of 30 June 2022, the total amount owed by Mr AKA was R128 000. On the 10 July 2022 an announcement to all Mr AKA's creditors was made stating he had been declared bankrupt and that a liquidation dividend of 20c to the Rand would be paid. Adjusting

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