The following formation pertanto Madhvandled and covers quest 1-13 EXTRACT OF BALANCESAS AT 28 FEBRUARY 2071: R Retained canings (1 March 2020) 256600 Share capital Ordinary shares (1 March 2020) 719 700 Inventory (1 March 2020) 40 500 Trade recevables control 255 000 Petty cash 7000 Loan Nander Bank 119 500 SARS income tax) (1) 31 GOD Land and buildings at revaluation 124400 Equipment acol 585 500 Accumulated depreciation Equipment 84 100 Revaluation surplus (1 March 2020) 105.000 Income received in advance 8100 Allowance for credit fosses 6200 Bank (0 130 600 Teade payables control 232 600 Auditor's remuneration COB Sales 1651700 Carriage on sales 2400 Settlement discount received 2100 Alowance for element count granted 7600 Purchases 279 100 Sales and wages 273 200 Cariage on purchases 1000 Directes remuneration 205600 Sunt discount granted 5150 Stationery $100 Telephone Additional information 1 The storience for credit tonnes must be adjusted to R$ 600 Adebitorumo testo business R19 300 was docent insolvent and must be wie officoverable 2 The come tax for the financial year ended 28 February 2021 amounted to R121900 and all bencarded 3. Authored share capital consists of 100 000 NPV and shares Share capul ned above coordina sued at 5 por share on 01 December 2020 e dredios sod 57 000 RIS per share taken up by the public on Feb 2021.radionas been recorded 6200 5 . 2 The income tax for the financial year ended 28 February 2021 amounted to R121 100 and multi be recorded 3. Authodisa share capul consists of 400 000 NPV ordinary shares Share capital stated above consists of ordinary stores Esued at R35 pershare On 01 December 2020, the directors issued 57 000 shares at R48 pershare. He shares were taken up by the public on 1 February 2021, this transaction has not been recorded The loan from Nandon was acquired on 1 March 2018 at an interest rate of per annum. Interest on all loans for the aurrent financial year has not yet been accounted for the loan is repayable in four annual equal imesheed from 1 March 2021 Directors made the following resolutions at year and Dividends dedared at 60 cents per share and will paid at the end of Apr 2021 A total bonus amounting to R72.000 must be paid to director on 30 April 2021 Only 30% of the audio fees was seted at the year end, with the remainder la be paid to the dis dating the second week of March 2021 The above transactions have not been recorded Provision of R38 400 must be made for depreciation on equipment 7 Inventory on 28 February 2021 consisted of the following Inventory (stock) en hand R45 000 Stationary on hand R 40 8 The evaluation of land for the current year resulted in a valuation surplus amounting to R99 000 QUESTION 1 Which alternative represents the correct amount for carrying amount of land add buildings in the statement of financial position of Machivanhaad as at 26 February 20217 A 1 124 100 QUESTIONS Which alternative represents the come amount for cash and cash equivalents in the statement of financial position of Machivandhala Lid as at 28 February 2017 . O A 111 900 OB. 120 900 OC 130 600 0.117800 DE 137600 F 127 300 . Rase Son QUESTIONS Which shemalive represents the corect amount to share capital in the statement of financial portion of Machinthala Lidas 12 February 2017 A993 305 . 0.909 900 C.719 700 0.90 500 E 616 900 F.666 300 RS QUESTION 7 Assume the cond profit for the year amount is R200 000 Which aimative represents the correct amount for retained earnings in the statement of financial position of Machiandhala Lid as 25 February 2017 - CA 7400 . . @ 3.239 503 C. 416 900 0.249497 2 E 230 294 F. 259600 Best Selection QUESTIONS Which aimative represents the correct mount for other components of quality in the statement finandal pinol Machivandhala das 26 February 2017 .O A 119 000 3.20400 O C105000 D. 195 200 10 000 097 200 Hese Son QUESTIONS Which leative represents the core out for long besedder no current in the sement of Inandal pasti e Machivandhalaads 20 Feb 2020 A 110 900 8.76950 O C. 102.00 0.39 250 OL. 178 OF 119 100 Best Section QUESTION 10 Vihich alternative represents the correctament for dividends payable in the set of financial position of thechivandhala Lid as a 28 February 20217 . + QA. 157 97 B.230 100 @ C141006 D. 164503 O E 185 600 O F. 152 297 Reset Selection . QUESTION 11 Which alternative represents the correct amount for de and other payables in the statement of handal pinal Machivandhala Lidas a 28 February 2021? A 215 300 B. 199 300 OC.231 470 0.232 600 E 270 000 5.250 380 Rise Selection QUESTION 12 Which shemale represents the conec amount for current tax payable are statement of financial portion of Mahilvana Lid us at 28 February 2017 A 152 700 O 147 000 C. 150 000 D. 54600 E92 2001 25.89 500 Rasa Sedios QUESTION 13 Which alternative represents the correct amount for long-term loan to be disclosed under current liabilities in the statement of finandal position of Machivandihala Ltd as at 28 February 2021? O A. 83 175 B. 89 850 O C.76 950 . . D. 25 650 . E. 29 950 F. 27 725 Reset Selection The following formation pertanto Madhvandled and covers quest 1-13 EXTRACT OF BALANCESAS AT 28 FEBRUARY 2071: R Retained canings (1 March 2020) 256600 Share capital Ordinary shares (1 March 2020) 719 700 Inventory (1 March 2020) 40 500 Trade recevables control 255 000 Petty cash 7000 Loan Nander Bank 119 500 SARS income tax) (1) 31 GOD Land and buildings at revaluation 124400 Equipment acol 585 500 Accumulated depreciation Equipment 84 100 Revaluation surplus (1 March 2020) 105.000 Income received in advance 8100 Allowance for credit fosses 6200 Bank (0 130 600 Teade payables control 232 600 Auditor's remuneration COB Sales 1651700 Carriage on sales 2400 Settlement discount received 2100 Alowance for element count granted 7600 Purchases 279 100 Sales and wages 273 200 Cariage on purchases 1000 Directes remuneration 205600 Sunt discount granted 5150 Stationery $100 Telephone Additional information 1 The storience for credit tonnes must be adjusted to R$ 600 Adebitorumo testo business R19 300 was docent insolvent and must be wie officoverable 2 The come tax for the financial year ended 28 February 2021 amounted to R121900 and all bencarded 3. Authored share capital consists of 100 000 NPV and shares Share capul ned above coordina sued at 5 por share on 01 December 2020 e dredios sod 57 000 RIS per share taken up by the public on Feb 2021.radionas been recorded 6200 5 . 2 The income tax for the financial year ended 28 February 2021 amounted to R121 100 and multi be recorded 3. Authodisa share capul consists of 400 000 NPV ordinary shares Share capital stated above consists of ordinary stores Esued at R35 pershare On 01 December 2020, the directors issued 57 000 shares at R48 pershare. He shares were taken up by the public on 1 February 2021, this transaction has not been recorded The loan from Nandon was acquired on 1 March 2018 at an interest rate of per annum. Interest on all loans for the aurrent financial year has not yet been accounted for the loan is repayable in four annual equal imesheed from 1 March 2021 Directors made the following resolutions at year and Dividends dedared at 60 cents per share and will paid at the end of Apr 2021 A total bonus amounting to R72.000 must be paid to director on 30 April 2021 Only 30% of the audio fees was seted at the year end, with the remainder la be paid to the dis dating the second week of March 2021 The above transactions have not been recorded Provision of R38 400 must be made for depreciation on equipment 7 Inventory on 28 February 2021 consisted of the following Inventory (stock) en hand R45 000 Stationary on hand R 40 8 The evaluation of land for the current year resulted in a valuation surplus amounting to R99 000 QUESTION 1 Which alternative represents the correct amount for carrying amount of land add buildings in the statement of financial position of Machivanhaad as at 26 February 20217 A 1 124 100 QUESTIONS Which alternative represents the come amount for cash and cash equivalents in the statement of financial position of Machivandhala Lid as at 28 February 2017 . O A 111 900 OB. 120 900 OC 130 600 0.117800 DE 137600 F 127 300 . Rase Son QUESTIONS Which shemalive represents the corect amount to share capital in the statement of financial portion of Machinthala Lidas 12 February 2017 A993 305 . 0.909 900 C.719 700 0.90 500 E 616 900 F.666 300 RS QUESTION 7 Assume the cond profit for the year amount is R200 000 Which aimative represents the correct amount for retained earnings in the statement of financial position of Machiandhala Lid as 25 February 2017 - CA 7400 . . @ 3.239 503 C. 416 900 0.249497 2 E 230 294 F. 259600 Best Selection QUESTIONS Which aimative represents the correct mount for other components of quality in the statement finandal pinol Machivandhala das 26 February 2017 .O A 119 000 3.20400 O C105000 D. 195 200 10 000 097 200 Hese Son QUESTIONS Which leative represents the core out for long besedder no current in the sement of Inandal pasti e Machivandhalaads 20 Feb 2020 A 110 900 8.76950 O C. 102.00 0.39 250 OL. 178 OF 119 100 Best Section QUESTION 10 Vihich alternative represents the correctament for dividends payable in the set of financial position of thechivandhala Lid as a 28 February 20217 . + QA. 157 97 B.230 100 @ C141006 D. 164503 O E 185 600 O F. 152 297 Reset Selection . QUESTION 11 Which alternative represents the correct amount for de and other payables in the statement of handal pinal Machivandhala Lidas a 28 February 2021? A 215 300 B. 199 300 OC.231 470 0.232 600 E 270 000 5.250 380 Rise Selection QUESTION 12 Which shemale represents the conec amount for current tax payable are statement of financial portion of Mahilvana Lid us at 28 February 2017 A 152 700 O 147 000 C. 150 000 D. 54600 E92 2001 25.89 500 Rasa Sedios QUESTION 13 Which alternative represents the correct amount for long-term loan to be disclosed under current liabilities in the statement of finandal position of Machivandihala Ltd as at 28 February 2021? O A. 83 175 B. 89 850 O C.76 950 . . D. 25 650 . E. 29 950 F. 27 725 Reset Selection