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QUESTION FIVE [15] The following list of balances was taken from the books of UBUNTU TRADERS at 28 February 2019, end of financial year. Additional
QUESTION FIVE [15] The following list of balances was taken from the books of UBUNTU TRADERS at 28 February 2019, end of financial year. Additional Information: a. Inventory on hand at 28 February 2019 is R15350 b. The loan was granted on 01 March 2017 at 12% pa, payable every three months. Interest for the period 01 December 2018 to 28 February 2019 is payable on 01 March 2019. c. A store room was sublet from 01 June 2018 at R1 050 per month. Page 5 of 6 d. Depreciation must be provided as follows: - Vehicles R3 400 - Equipment R 560 Required: Prepare the statement of comprehensive income for the year ended 28 February 2019
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