Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 1 Reoveres Beropintion Actuatments and ndditional intomatlon 1.1 Trading inventory. Aer2 000 1.2 Consumbile asores, Ra 000 . 2. Rent has been pald up
Question 1 Reoveres Beropintion Actuatments and ndditional intomatlon 1.1 Trading inventory. Aer2 000 1.2 Consumbile asores, Ra 000 . 2. Rent has been pald up io 31 Mivch 2a23. 3. A debtor who owed Re6 000 could not be traced. It was decibled to writhe of his acooune. 4. The provkion lor bad debts must be increased to R14 400. 5. Provice for the outstanding intecest on the mongege loan for the last month of the thamolul year. The laan 6. The invurance sota moludes an annuad premium of R12 coo that was pald on ot dune 2022. 7. Bank charges which appeared on the Februby 2023 bank atalement have not been recorded, ABoo. B. On 28 February 2023 an amount of R1 oco was recekved from P. Vers whose acocunt was writiten off on os 9. Jenuary 2023. No entyy was mude for tes rocelpt. 10. A detice wfidse accocre was overdue mwat be chargad Acioo interest. 11. R40o = as paid from petty cash for wages to a sempormy emptoyee. No entry was made for this. 12. Provide for depreciusen as follows: 12.1 On equbmert at 10% on cost. 12.2 Or wehicies at 20 Oos per arrums on the diminiveng budance. 13. The net poofit for bye year ended 20 february 2020, after comidering the above afiuatments and asdinonat
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started