Question 3 required only

BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 ACADEMIC AND ASSESSMENT CALENDAR DISTANCE QUESTION THREE BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEARS ACADEMIC AND ASSESSMENT CALENDAR. DISTANCE [15] The following was extracted from the accounting records of Vuyo's General Dealers for the year ended 31 March 2019. Vuyo's is not registered as a VAT vendor. BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YE ACADEMIC AND ASSESSMENT CALENDAR. DISTANCE List of accounts extracted at 31 March 2019 QUESTION FOUR 1201 Spear Wholesalers utilises a general ledger and subsidiary ledgers for debtors and creditors. They also use the following subsidiary journals: cash receipts journal (CR). cash payments journal (CPJ), Sales Journal (SJ), Sales returns jumal (SRI). Purchases journal (PJ). Purchases returns journal (PRJ). General Journal (GJ). The following information was extracted from the accounting records of Spear Wholesalers on 28 February 2019. Trading Inventory (1 April 2018) Trading inventory -as perstock-aking on 31 March 2019 Purchases Sales Purchases returns Sales rellene Import duties Ralage wards Ralage ourwards Settienen discurs allowed granted Wiyo ulls so agavis Settlement discounts received and xh. Electricity and water Rent Security fees 47 600 9 400 83 210 156 000 194000 623 300 1 120 300 16 900 15100 12 600 28 aco 33700 200 11 500 24900 120 000 97 300 Casheggin a l: Detrars central column Settlement discount granted column Sales column Cash cayments omal: Purchases column Deblers control column Creditors control column Settlement discount received column Sales joumal Purchases journal Sales relumns journal Purchases returns ournal Genera: Journals/Sundry antries! Debtors contral: Debits Crediis Cracitors control Debits Credits General Ledger: Balances al 1 February 2019- Debtors control count debil balance credit balance Creditors contro account del balance Gredit balance 43 170 5910 45 400 6630 43300 28 140 400 2 420 Additional Information: 1. Trade goods to the value of R23 500 was received on 30 March 2019 but not included in the purchases above because the invoice had not been received. The goods are included in the trading inventory at 31 March 2019. 6770 NIL 2. Import duties of R4 000 have been paid and included above. However, the goods will only be received on 4 April 2010. The purchase is not included in the accounts above. 5330 67 300 Required: 3.1 Prepare the trading section of the Statement of Comprehensive Income for Vuyo's General Dealers for the year ended 31 March 2010. Calculate the gross profit porcentage on cost to the nearest two decimal places. (12) 1180 45620 3.2 Identify the method being used by Vuyo to keep records of trade goods. Give at Icast two sons to support the choice you made COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 MIC AND ASSESSMENT CALENDAR - DISTANCE REGENT BUSINESS SCHOOL (RSS - JULY 2019 REGENT BUSINESS SCHOOL (RBS) - JULY 2019 BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 ACADEMIC AND ASSESSMENT CALENDAR DISTANCE QUESTION THREE BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEARS ACADEMIC AND ASSESSMENT CALENDAR. DISTANCE [15] The following was extracted from the accounting records of Vuyo's General Dealers for the year ended 31 March 2019. Vuyo's is not registered as a VAT vendor. BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YE ACADEMIC AND ASSESSMENT CALENDAR. DISTANCE List of accounts extracted at 31 March 2019 QUESTION FOUR 1201 Spear Wholesalers utilises a general ledger and subsidiary ledgers for debtors and creditors. They also use the following subsidiary journals: cash receipts journal (CR). cash payments journal (CPJ), Sales Journal (SJ), Sales returns jumal (SRI). Purchases journal (PJ). Purchases returns journal (PRJ). General Journal (GJ). The following information was extracted from the accounting records of Spear Wholesalers on 28 February 2019. Trading Inventory (1 April 2018) Trading inventory -as perstock-aking on 31 March 2019 Purchases Sales Purchases returns Sales rellene Import duties Ralage wards Ralage ourwards Settienen discurs allowed granted Wiyo ulls so agavis Settlement discounts received and xh. Electricity and water Rent Security fees 47 600 9 400 83 210 156 000 194000 623 300 1 120 300 16 900 15100 12 600 28 aco 33700 200 11 500 24900 120 000 97 300 Casheggin a l: Detrars central column Settlement discount granted column Sales column Cash cayments omal: Purchases column Deblers control column Creditors control column Settlement discount received column Sales joumal Purchases journal Sales relumns journal Purchases returns ournal Genera: Journals/Sundry antries! Debtors contral: Debits Crediis Cracitors control Debits Credits General Ledger: Balances al 1 February 2019- Debtors control count debil balance credit balance Creditors contro account del balance Gredit balance 43 170 5910 45 400 6630 43300 28 140 400 2 420 Additional Information: 1. Trade goods to the value of R23 500 was received on 30 March 2019 but not included in the purchases above because the invoice had not been received. The goods are included in the trading inventory at 31 March 2019. 6770 NIL 2. Import duties of R4 000 have been paid and included above. However, the goods will only be received on 4 April 2010. The purchase is not included in the accounts above. 5330 67 300 Required: 3.1 Prepare the trading section of the Statement of Comprehensive Income for Vuyo's General Dealers for the year ended 31 March 2010. Calculate the gross profit porcentage on cost to the nearest two decimal places. (12) 1180 45620 3.2 Identify the method being used by Vuyo to keep records of trade goods. Give at Icast two sons to support the choice you made COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 MIC AND ASSESSMENT CALENDAR - DISTANCE REGENT BUSINESS SCHOOL (RSS - JULY 2019 REGENT BUSINESS SCHOOL (RBS) - JULY 2019