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Use the following information to answer the question below: Giyani Traders is a business that sells electronic equipment. The entity is not registered as a

Use the following information to answer the question below: Giyani Traders is a business that sells electronic equipment. The entity is not registered as a VAT vendor. The financial year-end of Giyani Traders is 28 February of each year. The following trial balance was extracted from the financial records of Giyani Traders. GIYANI TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 Debit Credit R R Financial position section Capital 630 000 Drawings 47 000 Land and buildings at cost price 840 000 Mortgage 650 000 Vehicles at cost price 375 000 Computer equipment at cost price 94 000 Accumulated depreciation: Vehicles 187 500 Accumulated depreciation: Computer equipment 12 220 Inventory 79 500 Trade receivables 59 300 Trade payables 81 850 Allowance for credit losses 1 850 Prepaid expenses - advertising 1 800 Income received in advance - rent 4 000 Bank 48 900 Cash float 4 680 Total comprehensive loss for the year 17 240 1 567 420 1 567 420 Additional information: The long-term loan with interest at 10% per annum is repayable over a period of 20 years. The capital that will be repaid from 1 March 2022 to 28 February 2023 amount to R10 760. No interest was due at the end of the financial year. Current assets on the statement of financial position of Giyani Traders as at 28 February 2022 will amount to

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