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Please check photo and assist Sales is R90 000 . Mark-up of 35% on selling price. What is the cost of sales amount? Round off
Please check photo and assist
Sales is R90 000 . Mark-up of 35% on selling price. What is the cost of sales amount? Round off your answer to the nearest Rand. Answer: The pre-adjustment trial balance of Platform Traders for the year ended 28 February 20.19 reflected the following balances: During the physical inventory count, which was held on the 27 and 28 February 20.19 the following inventory was on hand: trading inventory to the amount of R14 184, cleaning materials to the amount of R420, packaging materials to the amount of R332 and stationery to the amount of R248. The business makes use of the perpetual inventory system. The correct adjustment journal entries that need to be processed, to ensure that the inventory amounts to be disclosed in the statement of profit or loss and other comprehensive income and in the statement of financial position as at 28 February 20.19 is correct? Instructions: Drag the correct answer into the correct space. An option can be used more than once. Keep the sequence according to the transactions given in the additional information. On 1 November 20.18 Mars Traders paid rental to the amount of R25 668 for 12 months. The preadjustment trial balance for the year ended 28 February 20.19 reflected an amount for rental expenses of R25 668 as well as an amount for prepaid rental expenses at 1 March 20.18 of R12 780. The only transaction that has been recorded or processed in the accounting books of Mars Traders regarding rental expenses, related to a payment that was made on 1 November 20.18 and no other transaction or adjustment has been taken into account as yet. The amount for prepaid rental expenses to be disclosed in the statement of financial position for the year ended 28 February 20.19 will be? NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72) 3. Round the amount of to the nearest R (eg: 12141.72 will be 12142)
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