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Questions (30 marks) The owner of the Cimah CINAMmain pun has leopeliculas single entry form, but did not realise that she had to record cash
Questions (30 marks) The owner of the Cimah CINAMmain pun has leopeliculas single entry form, but did not realise that she had to record cash drawings transactions. Her bank account for the year ended 31 December 2014 is as followe NS NS Balance 01 January 2014 1,890 Cash withdrawn from bank 5.400 Receipts fiume delsius 44,656 Trade creditors 31.695 In from Rank Wiwik SMS 2,000 ILI 2.790 Rata 1,310 Ting 1.035 finalep 1.642 Balance 31 December 2016 2.648 48.5.16 48.546 The Crab Caf records of cash paid were as follows: General expenses NS122, Trade creditors N$642, Cash sales amounted to N$698 The following information is also available Cash in hand Tride creditors Debtors Rent owing-JH properties Rates in advance - City of Windhock Motor Van (at carrying amount Inventory 31/12/2013 48 4,896 6.013 31/12/2014 93 5.091 7.132 250 312 2.400 13.021 282 2.800 11.163 Required: 5.1 3.2 Calculate the purchase and sales amounts. (10) Draw up the Statement of Financial Performance for the year ended 31 December 2014 (8) Draw the Statement for Financial Position for the year ended 31 December 2014. (12) 5.3
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