When doing market research, there are certain procedures that need to br followed. Explain the ethical issues that Shoprite
QUESTION 1 (20 Marks) 2.1 REQUARED Use the information provided below to prepare the comsed Detlon Contol acosunt. Do not talance the Bcoount. (4 marks) INFORMATION The foliowing infornation was obtained tom fhe acoounting reords of Ortando Traders during March 2023 - The amount owed by debtors on 01 March 2023 amounted to R63 000 . - The tolal sales were R80 000 . - Cash rootived from deblors and discourts alowed anourted to R49 500 . - Goods with a seling price of R4 ogo were ntumed by dettont. Addtional information - Credit sales for March 2023 amounted to P21 000 . - An amount of R1 960 , received in setfement of a debt of R2 000, was not recorsed in the cash payments journal. 1.2 REQULAED Prepare the general joumal enty b relect the balance of the deblor's account that must be witien ofl. (4 marks) INFORMATION On 10 March 2023 Suaz Sisres receved and recorded Roso trom a deblor who was declared insolvent. This amount represented a0\% of the fotal debe. The baknce of the deblor's account must be witten oth. 13 REQURED Caiculale the gross proft for Agri 2023 fom the irfomation provided below as it would appear in the statement of comsrehensive income. (4 marks) INFORMATION The sotal ssles of Arson Sures for Aonl 2023 amourted to RI 200000 . The sales refums for Apel 2023 amounted to R48 000. The gooks were sold st cost plus 25%. 1.3 REQUIRED Calculate the gross profit for April 2023 from the information provided below as it would appear in the statement of comprehensive income. ( 4 marks) INFORMATION The total sales of Anson Stores for April 2023 amounted to R1 200 000. The sales returns for April 2023 amounted to R48 000 . The goods were sold at cost plus 25%. 1.4 REQUIRED Calculate the value of the closing inventory of Product F as at 31 March 2023 using the first-in-first-out (FIFO) method from the information provided below. (4 marks) INFORMATION The following information was extracted from the books of Macintosh Traders on 31 March 2023 in respect of Product F that it sells: 1.5 REQUIRED Use the following information to prepare the general joumal entry in the books of Gitmo Stores to record the required adjustment as at 28 February 2023, the end of the financial year. QUESTION 1 (20 Marks) 2.1 REQUARED Use the information provided below to prepare the comsed Detlon Contol acosunt. Do not talance the Bcoount. (4 marks) INFORMATION The foliowing infornation was obtained tom fhe acoounting reords of Ortando Traders during March 2023 - The amount owed by debtors on 01 March 2023 amounted to R63 000 . - The tolal sales were R80 000 . - Cash rootived from deblors and discourts alowed anourted to R49 500 . - Goods with a seling price of R4 ogo were ntumed by dettont. Addtional information - Credit sales for March 2023 amounted to P21 000 . - An amount of R1 960 , received in setfement of a debt of R2 000, was not recorsed in the cash payments journal. 1.2 REQULAED Prepare the general joumal enty b relect the balance of the deblor's account that must be witien ofl. (4 marks) INFORMATION On 10 March 2023 Suaz Sisres receved and recorded Roso trom a deblor who was declared insolvent. This amount represented a0\% of the fotal debe. The baknce of the deblor's account must be witten oth. 13 REQURED Caiculale the gross proft for Agri 2023 fom the irfomation provided below as it would appear in the statement of comsrehensive income. (4 marks) INFORMATION The sotal ssles of Arson Sures for Aonl 2023 amourted to RI 200000 . The sales refums for Apel 2023 amounted to R48 000. The gooks were sold st cost plus 25%. 1.3 REQUIRED Calculate the gross profit for April 2023 from the information provided below as it would appear in the statement of comprehensive income. ( 4 marks) INFORMATION The total sales of Anson Stores for April 2023 amounted to R1 200 000. The sales returns for April 2023 amounted to R48 000 . The goods were sold at cost plus 25%. 1.4 REQUIRED Calculate the value of the closing inventory of Product F as at 31 March 2023 using the first-in-first-out (FIFO) method from the information provided below. (4 marks) INFORMATION The following information was extracted from the books of Macintosh Traders on 31 March 2023 in respect of Product F that it sells: 1.5 REQUIRED Use the following information to prepare the general joumal entry in the books of Gitmo Stores to record the required adjustment as at 28 February 2023, the end of the financial year
