Question
Use the following information to calculate the total comprehensive income/loss for the year ended 28 February 20.2: R Capital 680 000 Services rendered 470 000
Use the following information to calculate the total comprehensive income/loss for the year ended 28 February 20.2:
| R |
Capital | 680 000 |
Services rendered | 470 000 |
Drawings | 35 000 |
Rent income | 65 000 |
Interest expenses | 36 000 |
Stationery | 3 300 |
Wages | 13 500 |
Insurance expenses | 15 600 |
Water and electricity | 12 000 |
Water and electricity: Deposit | 2 000 |
Accrued expenses | 2 600 |
Accrued income | 4 200 |
Prepaid expenses | 3 300 |
Income received in advance | 1 200 |
Furniture | 80 000 |
Vehicles | 620 000 |
Bank overdraft | 80 000 |
Trade payables control | 81 300 |
Loan: SA Bank | 70 200 |
Current portion of long-term borrowings | 18 800 |
Land | 400 000 |
Buildings | 70 000 |
Inventory | 75 000 |
Trade receivables control | 210 000 |
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
3. If the net effect is a loss, please enter the amount as a negative (eg: -12141.72)
Answer:
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