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Ue the information provided to prepare the statement of financial position of trend limited as at 31 july 2023. The note to the financial statement
Ue the information provided to prepare the statement of financial position of trend limited as at 31 july 2023. The note to the financial statement are not required.
Ue the information provided to prepare the statement of financial position of trend limited as at 31 july 2023. The note to the financial statement are not required.
ReOUPED Use the information provided below to propare the Statement of Financial Pceition of Trent Linitad as at 31 July 2023 . The notes to the financial statements are not required. WFORYNIION Adjustments and additional information The profit after tax for the year ended 31 Juy 2023 amounted to R392 100. The folowing adjustments were made to the income and expenses butnot to the balance sheat accounts. 1. A physical stocktake on 31 July 2023 revealed the following: 1.1. Trading inventory on hard amounted to R1 050000 . 1.2 Staticnery unused amounted to R2000. 2. Rent for August 2023 was receved and recorded on 31 Jy 2023 , Rit4 000 . 3. Dividends of 70 cents per shane are due from ABC Limited. 4. Commission on salis of R30000 s oned to the salespersons. 5. Ecuipment gast price R120 060, was purclased on credit on 01 wy, 2023 but no ertry has been made for thes Deprecation on ecupront is cacilated at 15% pa en cost and on weticles at 20%pa. on the eminishing balance: 6. The bank stalement was received atter the thal balance was propared and ti fellected tank charges of R1800. 7. The provisinn for bad dects must be adusted to 5% of cebiors. 8. Two of the diectors of the company are owed remuneration of R20000 each 9. Based on the profit for the year, an amourt of R30.000 is stil owed to South Athican Ribienue Senvices. for company tax. 10. The directors declared a firal dividend of 12 cents per share. The interin dividend anounted to R100000
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