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Question 6:

Question 7:

An extract of Olivedale Traders was provided to you. Calculate the profit for the period (2) The following balances are reported in the trial balance of Bathu (Pty) Ltd at the end of the financial year (30 June 2023). Current year depreciation has not been recognised yet. Equipment cost R5 000000 Accumulated depreciation: Equipment R2 250000 Depreciation is calculated at 10% on the reducing balance method. What is the depreciation on equipment for the year? (2) a. R275000 b. R500000 c. R2 250000 d. R225000 An extract of Melo Traders' trial balance at year-end has been provided to you. Calculate the cost of sales to be disclosed on the face of the statement of profit and loss Calculate cost of sales on the perpetual inventory method (2)