Please help me with number 6,7 and 8
Homework Answers
Answer 6 :- Option 2 is correct 1,100,000
Explaination
Non current Assets = Vehicles + Equipment
Non current Assets= 700,000 + 400,000
Non current Assets = 1,100,000
Answer 7 :- Option 2 is correct 550,000
Explaination
Current Liability = Bank Overdraft + Creditors control
Current Liability = 50,000 + 500,000
Non current Assets = 550,000
Answer 8 :- Option 4 is correct 1,900,000
Explaination
Total Assets = Vehicles + Inventory + Debtors control + Equipment
Total Assets = 700,000 + 200,000 + 600,000 + 400,000
Total Assets= 1,900,000
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Please help me with number 6,7 and 8
Use the information of Mbombela Traders for the...
credit from AB ASSIGNMENT 1, SEMESTER 1 (continued ASSIGN nant with a cost price of R50...
credit from AB ASSIGNMENT 1, SEMESTER 1 (continued ASSIGN nant with a cost price of R50 000 on Credit Tshwane Traders bought equipment Wholesalers What effect will the above trans ECO of ww the above transaction have on the accounting equation? Assets will increase and liabilities will decrease Assets will decrease and equity will decrease Assets will increase and equity will increase Assets will increase, and liabilities will increase () Assets will decrease and liabilities will decrease year ended 31...
Sales Cost of sales Interest received Advertising costs Delivery erpenses Office wages Interest on overdraft Rent...
Sales Cost of sales Interest received Advertising costs Delivery erpenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float Debtors (Accounts Receivable)1450 Creditors (accounts Payable) Shop Fittings Land and Buildings Mortgage 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 500 1 000 35 000 11 700 REQUIRED Prepare the Financial Statements for the period ended 31 December 2012
Ms Sade is a trader operating under the name of 'SA Traders'. She informs you that...
Ms Sade is a trader operating under the name of 'SA Traders'. She informs you that she consistently adds 33% to the cost of all goods which she sells in order to arrive at selling prices. She presents you with the following financial statements for the years ended 31 March 2000 and 2001. INCOME STATEMENT 2001 2000 Sales net Less cost of sales Gross profit Discount received 471 100 360 900 110 200 1 700 111 900 93 420 18...
Sales Cost of sales Interest received Advertising costs Delivery expenses Office wages Interest on overdraft Rent...
Sales Cost of sales Interest received Advertising costs Delivery expenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float 12 000 8 000 650 1500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1000 35 000 11 700 Debtors (Accounts Creditors (accounts Payable) Shop Fittings Land and Buildings Mortgage Recelvable) REQUIRED Financial statement(cash flow) Prepare the Financial Statements for the period ended 31
Sales Cost of sales Interest received Advertising costs Delivery expenses Office wages Interest on overdraft Rent...
Sales Cost of sales Interest received Advertising costs Delivery expenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float 12 000 8 000 650 1500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1000 35 000 11 700 Debtors (Accounts Creditors (accounts Payable) Shop Fittings Land and Buildings Mortgage Recelvable) REQUIRED Financial statement(cash flow) Prepare the Financial Statements for the period ended 31
Ms. Sade is a trader Operating under the name of 'SA Traders'. She informs you that...
Ms. Sade is a trader Operating under the name of 'SA Traders'. She informs you that she consistently adds 33 1/3% to the costs of all goods which she sells in order to arrive at Selling prices. She presents you with the following financial statements for the year ended 31 March 2000 and 2001. INCOME STATEMENT 2001 2000 Sales net 471 100 Less cost of sales 360 900 Gross profit 110 200 Discount received 1700 111 900 Operating expenses 93...
Sales Cost of sales Interest received Advertising costs Delivery erpenses Office wages Interest on overdraft Rent...
Sales Cost of sales Interest received Advertising costs Delivery erpenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors(accounts Payable) Shop Fitings Land and Buildings Mortgage 12 000 8 000 650 1500 850 3 000 200 900 30350 500 4 700 2 000 100 1450 500 financial sheet(cash flow,statement of changes in equity) 1 000 35 000 11 700 REQUIRED Prepare the Financial Statements for the period ended 31 December 2012
Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12...
Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1 000 35 000 11 700 financial statements(balance Rent rpensa sheet,cash flow,incomeaa statement,statement of Stoei Capital Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors (accounts Payable Shop Fittings Land and Buildings Mortgage changes in equty REQUIRED Prepare the Financial Statements for the period...
Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12...
Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1 000 35 000 11 700 financial statements(balance Rent rpensa sheet,cash flow,incomeaa statement,statement of Stoei Capital Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors (accounts Payable Shop Fittings Land and Buildings Mortgage changes in equty REQUIRED Prepare the Financial Statements for the period...
Please help me with number 1,11 ,14 and 15 Use the information provided below to answer...
Please help me with number 1,11 ,14 and 15
Use the information provided below to answer question 1: Ethekwini Traders provided you with the following information for the year ended 30 April 2020: Inventory (1 May 2019). 400 000 Purchases 600 000 Purchases returns ............... 40 000 Sales returns .... 100 000 | Carriage on purchases.................. 5 500 A physical inventory count on 30 April 2020 indicated that inventory on hand was R500 000. 1. The cost of sales amount...
credit from AB ASSIGNMENT 1, SEMESTER 1 (continued ASSIGN nant with a cost price of R50 000 on Credit Tshwane Traders bought equipment Wholesalers What effect will the above trans ECO of ww the above transaction have on the accounting equation? Assets will increase and liabilities will decrease Assets will decrease and equity will decrease Assets will increase and equity will increase Assets will increase, and liabilities will increase () Assets will decrease and liabilities will decrease year ended 31...
Sales Cost of sales Interest received Advertising costs Delivery erpenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float Debtors (Accounts Receivable)1450 Creditors (accounts Payable) Shop Fittings Land and Buildings Mortgage 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 500 1 000 35 000 11 700 REQUIRED Prepare the Financial Statements for the period ended 31 December 2012
Ms Sade is a trader operating under the name of 'SA Traders'. She informs you that she consistently adds 33% to the cost of all goods which she sells in order to arrive at selling prices. She presents you with the following financial statements for the years ended 31 March 2000 and 2001. INCOME STATEMENT 2001 2000 Sales net Less cost of sales Gross profit Discount received 471 100 360 900 110 200 1 700 111 900 93 420 18...
Sales Cost of sales Interest received Advertising costs Delivery expenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float 12 000 8 000 650 1500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1000 35 000 11 700 Debtors (Accounts Creditors (accounts Payable) Shop Fittings Land and Buildings Mortgage Recelvable) REQUIRED Financial statement(cash flow) Prepare the Financial Statements for the period ended 31
Sales Cost of sales Interest received Advertising costs Delivery expenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float 12 000 8 000 650 1500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1000 35 000 11 700 Debtors (Accounts Creditors (accounts Payable) Shop Fittings Land and Buildings Mortgage Recelvable) REQUIRED Financial statement(cash flow) Prepare the Financial Statements for the period ended 31
Ms. Sade is a trader Operating under the name of 'SA Traders'. She informs you that she consistently adds 33 1/3% to the costs of all goods which she sells in order to arrive at Selling prices. She presents you with the following financial statements for the year ended 31 March 2000 and 2001. INCOME STATEMENT 2001 2000 Sales net 471 100 Less cost of sales 360 900 Gross profit 110 200 Discount received 1700 111 900 Operating expenses 93...
Sales Cost of sales Interest received Advertising costs Delivery erpenses Office wages Interest on overdraft Rent expense Capital Drawings Stock Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors(accounts Payable) Shop Fitings Land and Buildings Mortgage 12 000 8 000 650 1500 850 3 000 200 900 30350 500 4 700 2 000 100 1450 500 financial sheet(cash flow,statement of changes in equity) 1 000 35 000 11 700 REQUIRED Prepare the Financial Statements for the period ended 31 December 2012
Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1 000 35 000 11 700 financial statements(balance Rent rpensa sheet,cash flow,incomeaa statement,statement of Stoei Capital Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors (accounts Payable Shop Fittings Land and Buildings Mortgage changes in equty REQUIRED Prepare the Financial Statements for the period...
Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1 000 35 000 11 700 financial statements(balance Rent rpensa sheet,cash flow,incomeaa statement,statement of Stoei Capital Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors (accounts Payable Shop Fittings Land and Buildings Mortgage changes in equty REQUIRED Prepare the Financial Statements for the period...
Please help me with number 1,11 ,14 and 15
Use the information provided below to answer question 1: Ethekwini Traders provided you with the following information for the year ended 30 April 2020: Inventory (1 May 2019). 400 000 Purchases 600 000 Purchases returns ............... 40 000 Sales returns .... 100 000 | Carriage on purchases.................. 5 500 A physical inventory count on 30 April 2020 indicated that inventory on hand was R500 000. 1. The cost of sales amount...
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