SECTION B

The following balances are extracted from the books of Charm Stores for the year ended $30$ June $2018.$

Prepare the Statement of Comprehensive Income of Charm Stores for the most recent

accounting period.

Prepare the Statement of Financial Position of Charm Stores on $30$ June $2018$

HC$1$ACAS

Additional Information

I. Stock on the ${30}^{th}$ of June $2018$ is valued at R$15000.$

II$.$ Rental expenses incurred and correctly recorded in the year ended $30$ June $2017$

have still not been paid. The amount owing is R$1600.$

III. Tax expense for the year is R$3400$