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Read the following case study and answer the questions: You are presented with the following trial balance of Carl Ltd at 3 1 October 2
Read the following case study and answer the questions: You are presented with the following trial balance of Carl Ltd at October Additional information as at October a Closing inventory has been counted and is valued at R b An invoice of R for energy expenses for October has not been received. c The allowance for debtors is to be increased to of trade receivable. d Buildings are depreciated at per annum on their original cost, allocated to cost of sales, to distribution costs and to administrative expenses. e Plant is depreciated at per annum using the reducing balance method. The entire charge is to be allocated to cost of sales. f Tax has been calculated as R for the year. g The current share price of Carl Ltd is R per share. h Debenture interest has not been paid for the year. i The items listed below should be apportioned as indicated. QUESTION FOUR Prepare the statement of profitloss and other comprehensive income for the year ended October in accordance with IFRS. Classify expenses according to their functions.
Read the following case study and answer the questions:
You are presented with the following trial balance of Carl Ltd at October
Additional information as at October
a Closing inventory has been counted and is valued at R
b An invoice of R for energy expenses for October has not been received.
c The allowance for debtors is to be increased to of trade receivable.
d Buildings are depreciated at per annum on their original cost, allocated to cost of sales, to distribution costs and to administrative expenses.
e Plant is depreciated at per annum using the reducing balance method. The entire charge is to be allocated to cost of sales.
f Tax has been calculated as R for the year.
g The current share price of Carl Ltd is R per share.
h Debenture interest has not been paid for the year.
i The items listed below should be apportioned as indicated.
QUESTION FOUR
Prepare the statement of profitloss and other comprehensive income for the year ended October in accordance with IFRS. Classify expenses according to their functions.
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