QUESTION THREE

$[25]$

The annual financlal statements of Bongo $($Pty$)$ Ltd are in the final stages of completion for the year ended $30$ June $2023.$ The following information was extracted to prepare the statement of cash flows for the current financial year.

Bongo $($Pty $)$ Ltd

Statement of financial position as at $30$ June $2023($with comparative values for $30$ June $2022)$:

ASSETS

Equipment at carrying amount Inventory

Trade receivables

Bank

Total Assets

EQUITY AND LIABILITIES Equity

Ordinary share capital

Retained earnings

Liabilities

Long term borrowings

Trade payables

Income received in advance

SARS: Tax payable

Total Equity and Liabilities

$30$ June $2023$

$R$

$\backslash$table$[[636000],[48000],[22800],[202800]]$

$909600$

$\backslash$table$[[636000],[396000],[240000]]$

$\backslash$table$[[348000],[300000],[48000]]$

$\backslash$table$[[273600],[186000],[25200],[26400],[36000],[909600]]$

$30$ June $2022R$

$\backslash$table$[[324000],[45600],[27600],[120000],[517200$