REOURED

Prepse the Sistement of Comprehensive hoome of Omega Limiled for the year ended $29$ February $2024.$

NFORMATION

The thal balance, adusinents and adtitional information given below were edracted from the accounting records of Onega Limied on $29$ Februry $2024$ the end of the financial year.

$\backslash$table$[[$OMEGALIMIEE$],[$PREADUSTMENT IRIA BAUACE AS AT $29$ FEBRUARY $2124],[,$Debil $(R),$Cricdif$($R$)],[$Balance sheet accounts section$],[$Ordinary share capist,,$638000],[$Retained income,,$],[$Vehides at cost$,750000,],[$Equipment at coss$,440000,],[$Accumulated depreciation on vehicles,,$1501000],[$Accumulaled depreciation on equipment,,$110601],[$Fixed deposit Ben Bank $(10\%$: pai$),60000,],[$Trading inventory,$530010,],[$Debtors control,$-16000,],[$Provision for bad debis,,$3000],[$Bank$,24000,],[$Petly cash,$2000,],[$Credions conted,,$50000],[$SARS $-$ Company tax,$60000,],[$Lowir$-$ Ben Barik $(12\%$ p$.$a$),,100000],[$Kowinal eccournts section$],[$Fese$],[,],[$Ces a noles,$330000,],[$Nan rotirf,$20000,]]$

$\backslash$table$[[$Salanes and wages,$14000,],[$Rent expense,$66000,],[$Molor expenses,$4000,],[$Directors fees,$90000,],[$Audi fees,$20000,],[$Telephore$,18000,],[$Electicly snd water,$2400,],[$Bank chages,$4000,],[$flnsurance$,9000,],[$heteresteiloar$,11000,],[$Interest en med depost,,$3000],[$Shatorery$],[,2207001,2207000]]$

Adjustments and vdditonal information

Trading imentor wcocording bo stobktivig on $29$ Pebruary $2024$ anounted to Re$6000.$ interest.

Provide foroutskinding interest on toan tor lie last month of the finaredal year.

Included in the insurance total is an annual premium of $R2,400$ that was pad for the period $01$ June $2023$ io $31$ Nay $2024.$

The water and eloctrialy acoount for Febnary $2024$ was due to be paid on $02$ March $2024,$ R$2000.$

Rent has been paid for the period $01$ March $2023$ to $31$ March $2004.$ Nole: The rental increased by R$1000$ per month with effect from $01$ March $2024.$

The bank statement for February $2024$ rellected an amount of R$500$ for service fees and cash deprost fees. No entry has been made for this.

No entry has been made for an account received fom Sigma Molors for repairs to a vehicle. $R5000$

An insolvent debtor paid Omega Limited R$2000$ which represantod $40\%$s of the amount owed. This has bean recorded. The batance olthis acoount must now be witten of$.$

The provesion for bad detas

Provide for deprecistion as follows:

$12\mathrm{.}1$ On vehicles at $20\%$ per annum on the dimishing balancs

$122$ On equipment al $10\%$ per annum on cost$.$

An amount of RI$7583$ was ovepaid to SARS for company tex. must be decreased to R$2000.$