question no 1.4

MANCOSA: BCOM (SUPPLY CHAIN MANAGEMENT) YEAR 1 65 The gross profit for the financial year ended 30 June 2018 was A R540 000 B R620 000 C R660 000 D none of the above e assets and liabilities of llembe Traders at the end of the past two financial years were as follows: 28 February 28 February 2018 2017 Non-current assets Current assets Non-current liabilities Current liabilities 792 000 416 000 384 000 48 000 760 000 280 000 400 000 64 000 A B C D The capital contribution was unchanged during the financial year ended 28 February 2018 However, the proprietor's drawings during this period amounted to R50 000. Which one of the following amounts represents the net profit for the year ended 28 February 2018? R200 000 R250 000 R168 000 none of the above The following Debtors List was extracted from the books of Makhanya Traders on 30 June 2018, before some errors were discovered Debit (R) Credit (R)