$1.$ Thobo bought a non$-$current asset at the beginning of Year $1$ for P$8,000$ and depreciated it by $25\%$ per annum using the reducing balance method. At the beginning of Year $4$ it was sold for P$5,000.$Calculate the profit of loss from disposal. $(5$ marks$)2.$ BHC owns a number of properties, which are rented to tenants. The following information is available for the year ended $30$ June $2024$: Rent Rent in advance in arrears P P $30$ June $202385,00014,00030$ June $2024120,0005,000$ Cash received from tenants in the year ended $30$ June $2024$ was P$643,000.$ All rent in arrears was subsequently received. What figure should appear in the company$$s statement of profit or loss for rent receivable in the year ended $30$ June $2006?(5$ marks$)3.$ Moenga, your junior accounts clerk, has the following working capital ratios: $20242023$ Current ratio $1\mathrm{.}3$:$11\mathrm{.}6$:$1$ Receivables days $70$ days $52$ days Payables days $35$ days $47$ days Inventory turnover $46$ days $36$ days Indicate whether the following statements are true or false by ticking the relevant box. $(5$ marks$)$ True False A Moenga$$s liquidity and working capital has improved in $2024$ B Moenga is receiving cash from customers more quickly in $2024$ than in $2023$ C Moenga is suffering from a worsening liquidity position in $2024$ D Moenga is taking longer to pay suppliers in $2024$ than in $2023$ E Moenga is likely to have cash problems $4.$ Koketso had receivables of P$300,000$ at $31$ Aug $2024.$ Her allowance for receivables at $1$ September $2023$ was P$11,000.$ She has decided to change it to $5\%$ of receivables at $31$ August $2024.$ On $30$ Aug $2024$ she received P$2,500$ in full settlement of a debt that she had written off in the year ended $31$ Aug $2024.$What total amount should be recognised for receivables in the statement of profit or loss for the year ended $31$ Aug $2024?(5$ marks$)5.$ A trainee accountant has prepared the following bank reconciliation statement at $31$ December $2024.$ P Balance per bank statement $($overdrawn$)38,640$ Add: lodgements not credited $19,27057,910$ Less: unpresented cheques $14,260$ Balance per cash book $43,6506$ What should the final cashbook balance be when all the above items have been properly dealt with? $(5$ marks$)6.$ A company's trial balance failed to agree, and a suspense account was opened for the difference. Subsequent checking revealed that discounts allowed P$13,000$ had been credited to discounts received account and an entry on the credit side of the cash book for the purchase of some machinery P$18,000$ had not been posted to the plant and machinery account. Which two of the following journal entries would correct the errors? $(5$ marks$)$ Debit Credit P P $(1)$ Discounts allowed $13,000$ Discounts received $13,000(2)$ Discounts allowed $13,000$ Discounts received $13,000$ Suspense account $26,000(3)$ Suspense account $26,000$ Discounts allowed $13,000$ Discounts received $13,000(4)$ Plant and machinery $18,000$ Suspense account $18,000(5)$ Suspense account $18,000$ Plant and machinery $18,000$