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table [ [ Balance Accounts Section,, ] , [ Ordinary Share Capital,, 6 0 0 0 0 0 , 0 0 ] , [
tableBalance Accounts Section,,Ordinary Share Capital,,Retained Income,,Land and Buildings,Vehicles @ Cost,Equipment @ Cost,Accumulated Depreciation: motor vehicles,,Accumulated Depreciation: equipment,,Long term loan: TB Bank Debentures Investment in BX Pty LtdTrading Stock,Debtors control,Provision for bad debts,,BankCreditors Control,,SARS Income tax,Nominal Accounts SectionSalesCost of sales,Debtors allowance,SalariesMotor expenses,Interest on loan,Discount allowed,
tableCommission income,,Directors fees,Auditors fees,Dividends on ordinary shares,RepairsOther operating assets,
ADJUSTMENTS AND ADDITIONAL INFORMATION.
Trading inventory according to stocktaking on December amounted to R
The provision for bad debts must be increased b R
Capital repayments totaling are payable on the unsecured loan from TB
Bank in the next financial year.
Depreciation must be provided for as follows:
On vehicles at pa using the diminishing talance method;
On equipment at pa on cost
A dividend of of the investment value has been declared by BX Pty Ltd The dividend has not yet been received.
The authorised share capital consists of ordinary shares.
Note: On July the company increased the ordinary share capital by selling the remaining unissued shares at each.
Debentures consist of debentures o R each, issued on January and redeemable on December The debertures are secured by a first mortgage bond over land. Provision must be made for the current year's interest.
The income tax for the year amounted to R
The directors declared a final dividend of cenis per share.
REQUIRED:
Use the information provided above to prepare the: Statement of Comprehensive Income for the year ended December
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