Additional information

Physical stocktaking on $31$ December $2023$ revealed the following inventories:

$1\mathrm{.}1$ Trading inventory, R$180000$

$1\mathrm{.}2$ Stationery, R$1000.$

A notice from the municipality reflected the rates assessment for the year ended $31$ December $2023$ to be R$24000.$

Depreciation must be provided as follows:

$3\mathrm{.}1$ On vehicles, R$80000.$

$3\mathrm{.}2$ On equipment at $10\%$ per annum on cost$.$ Note: Equipment with a cost price of R$100000$ was purchased on $01$ July $2023.$ This transaction has been recorded.

A debtor, who owed R$5000,$ was declared insolvent. Cheshire Limited received and recorded $40\%$ of the amount owed. The balance of his account must now be written off.

The insurance total includes an insurance premium of R$6000$ that was paid for the period $01$ April $2023$ to $31$ March $2024.$

An amount of R$10000$ was due to be paid for audit fees on $02$ January $2024.$

The provision for bad debts must be increased to R$11000.$

Provide for interest on debentures that is yet to be paid.

An amount of R$69535$ was overpaid to South African Revenue Services for company tax.