QUESTION $1$

$[30$ MARKS$)$

Kinta Baloyi Limited has an authorised share capital of $2500000$ ordinary shares of no$-$par value, of which $600000$ had already been issued by the time the trial balance was prepared. The financial director requests your accounting knowledge in preparing the financial statements for the year ended $31$ December $2021,$ and provides you with the following information: Trial balance at $31$ December $2021$

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