Question
Prepare the Statement of Comprehensive Income for the year ended 28 February 2022. (20 Marks) INFORMATION The following information was obtained from the accounting records
Prepare the Statement of Comprehensive Income for the year ended 28 February 2022. (20 Marks) INFORMATION The following information was obtained from the accounting records of Jupiter Traders for the financial year ended 28 February 2022. JUPITER TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 Debit (R) Credit (R) Balance sheet accounts section Capital 1 901 000 Drawings 352 620 Land and buildings 1 400 000 Vehicles at cost 1 000 000 Equipment at cost 800 000 Accumulated depreciation on vehicles 600 000 Accumulated depreciation on equipment 400 000 Fixed deposit: Medi Bank (8 % p.a.) 250 000 Trading stock 135 000 Debtors control 217 000 Provision for bad debts 11 000 Bank 163 730
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