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Formot Thabong Traders Stalement of Profit Income for the year or loss and other comprehensive ended...
QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other...
QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other comprehensive income of Thabang Traders for the financial year ended 31 October 2019, taking the information below into consideration: INFORMATION 1. The owner purchased a delivery vehicle for the entity to the value of R235 000 and paid by an electronic fund transfer (EFT) from his personal bank account. 2. Purchased inventory to the value of R12 000 on credit. 3. Paid R4 500...
a, a statement of profit or loss and other comprehensive income for the year ended 31...
a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - Purchases . Sales ... Returns inwards Returns outwards Insurance Wages and salaries --- Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
statement of comprehensive income P. Prince had a lifelong dream of starting a business. From a...
statement of comprehensive income
P. Prince had a lifelong dream of starting a business. From a young age he started saving cash so that he could have enough capital. His dream came true on 01 March 2017 when he started a business trading as Royal Traders. The trial balance and additional information given below were extracted from the accounting records of his business, Royal Traders, on 28 February 2018, the end of the first financial year. REQUIRED Prepare the Statement...
Question 5 [31] - RESBAKHOW WITH ATTAILES INFORMATION ON EXTRA PAGE STATEMENT OF PROFIT OR LOSS...
Question 5 [31] - RESBAKHOW WITH ATTAILES INFORMATION ON EXTRA PAGE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME The following information relates to Iball Industries Pre-adjustment trial balance for the year ending 31 May 2020 R R Statement of financial position section Capital 615 231 Drawings 5 500 Land and buildings 353 000 Vehicles 145 560 Accumulated depreciation: Vehicles 30 560 Furniture and fittings 65 310 Accumulated depreciation: Fumiture and fittings 9310 Fixed deposit 110 000 Trading inventory...
The following balances were taken from the books of Bocket Traders on 30 April 2017 Bocket Traders Trial Balance O...
The following balances were taken from the books of Bocket Traders on 30 April 2017 Bocket Traders Trial Balance On 30 April 2017 DEBIT CREDIT NS NS Capital 100 000 Drawings 10 000 Vehicles 110 000 Equipment 45 000 Bank 50 000 Debtors Control 10 000 30 000 Inventory 25 000 Creditors Control 290 000 Sales 133 000 Purchases 2 000 Stationary 3 000 Telephone expenses 15 000 Salaries and Wages 7 000 Water and Electricity 415 000 415 000...
The following trial balance and additional information were extracted from the accounting records of Lancet Traders...
The following trial balance and additional information were extracted from the accounting records of Lancet Traders on 28 February 2018, the end of the financial year. REQUIRED Prepare the Statement of Comprehensive Income of Lancet Traders for the year ended 28 February 2018 from the information provided below. Use the following format: Sales Cost of sales Gross profit Other operating income Gross operating income Operating expenses Operating profit Interest income Interest expense Net profit for the year INFORMATION LANCET TRADERS...
(a) Statement of profit or loss and other comprehensive income (b) statement of financial position
Prepare, the following financial statements for ABC LimitedStatement of profit or loss and other comprehensive income for the year ended 31 octoberStatement of financial position as aat 31 October 2022
Question 3.7 the tan Ques LIABILITIES REQUE he Expenses Loan Credi. Calcul REQUIRED Show the effect...
Question 3.7 the tan Ques LIABILITIES REQUE he Expenses Loan Credi. Calcul REQUIRED Show the effect of every transaction on the acco on on the accounting equation by using below. Begin with the totals (balances) on 1 October 20.4. ASSETS EQUITY Equip-Inven-Debtors Bank Capital Capital Income tories RR No. INFO ment R Freshers for The aprehensive income of Freshers Draft the statement of profit or loss and other comprehens the month ended 31 October 20.4. No. c. Draft the statement...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
Additional information and adjustments The rent for March 2019 has already been received. The value of...
Additional information and adjustments The rent for March 2019 has already been received. The value of inventories according to physical stocktaking as at 28 February 2019 are as follows: * Trading inventory R86 000 * Stationery R500 2. 3. An invoice received for an advertisement was erroneously debited to sundry expenses account, R2 400. 4. The telephone account for February 2019 has not yet been paid, R900. 5. Bank charges, which appeared on the bank statement for February 2019, were...
QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other comprehensive income of Thabang Traders for the financial year ended 31 October 2019, taking the information below into consideration: INFORMATION 1. The owner purchased a delivery vehicle for the entity to the value of R235 000 and paid by an electronic fund transfer (EFT) from his personal bank account. 2. Purchased inventory to the value of R12 000 on credit. 3. Paid R4 500...
a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - Purchases . Sales ... Returns inwards Returns outwards Insurance Wages and salaries --- Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
statement of comprehensive income
P. Prince had a lifelong dream of starting a business. From a young age he started saving cash so that he could have enough capital. His dream came true on 01 March 2017 when he started a business trading as Royal Traders. The trial balance and additional information given below were extracted from the accounting records of his business, Royal Traders, on 28 February 2018, the end of the first financial year. REQUIRED Prepare the Statement...
Question 5 [31] - RESBAKHOW WITH ATTAILES INFORMATION ON EXTRA PAGE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME The following information relates to Iball Industries Pre-adjustment trial balance for the year ending 31 May 2020 R R Statement of financial position section Capital 615 231 Drawings 5 500 Land and buildings 353 000 Vehicles 145 560 Accumulated depreciation: Vehicles 30 560 Furniture and fittings 65 310 Accumulated depreciation: Fumiture and fittings 9310 Fixed deposit 110 000 Trading inventory...
The following balances were taken from the books of Bocket Traders on 30 April 2017 Bocket Traders Trial Balance On 30 April 2017 DEBIT CREDIT NS NS Capital 100 000 Drawings 10 000 Vehicles 110 000 Equipment 45 000 Bank 50 000 Debtors Control 10 000 30 000 Inventory 25 000 Creditors Control 290 000 Sales 133 000 Purchases 2 000 Stationary 3 000 Telephone expenses 15 000 Salaries and Wages 7 000 Water and Electricity 415 000 415 000...
The following trial balance and additional information were extracted from the accounting records of Lancet Traders on 28 February 2018, the end of the financial year. REQUIRED Prepare the Statement of Comprehensive Income of Lancet Traders for the year ended 28 February 2018 from the information provided below. Use the following format: Sales Cost of sales Gross profit Other operating income Gross operating income Operating expenses Operating profit Interest income Interest expense Net profit for the year INFORMATION LANCET TRADERS...
Question 3.7 the tan Ques LIABILITIES REQUE he Expenses Loan Credi. Calcul REQUIRED Show the effect of every transaction on the acco on on the accounting equation by using below. Begin with the totals (balances) on 1 October 20.4. ASSETS EQUITY Equip-Inven-Debtors Bank Capital Capital Income tories RR No. INFO ment R Freshers for The aprehensive income of Freshers Draft the statement of profit or loss and other comprehens the month ended 31 October 20.4. No. c. Draft the statement...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
Additional information and adjustments The rent for March 2019 has already been received. The value of inventories according to physical stocktaking as at 28 February 2019 are as follows: * Trading inventory R86 000 * Stationery R500 2. 3. An invoice received for an advertisement was erroneously debited to sundry expenses account, R2 400. 4. The telephone account for February 2019 has not yet been paid, R900. 5. Bank charges, which appeared on the bank statement for February 2019, were...
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