Answer ANY FIVE (5) questions below [100 MARKS] QUESTION 1 (20 Marks) 1.1 John is considering becoming a management accountant in industry. His friend, Penny, is already a financial accountant in the same industry. He is asking her for advice on a typical day in the office. Why is it probably not a good idea to consult Penny in this matter? (8 marks) 1.2 Thabo is preparing a business plan for a dothing manufacturing enterprise. He has considered raising capital to buy the equipment from different sources however he is unsure how to structure his business. Please advise Thabo on his options and how he could go about it. (12 marks) QUESTION 2 (20 Marks) MotoFix is a vehicle parts supplier based in Durban that specialising in the sale of parts for older motor vehides. It is solely by owned by Mr. Nkosi who also manages the business at all times. The business started operating on 1 March 2019 during which the following transactions occurred: Date Description Mr. Nkosi deposits R100 000 into the business bank account Various parts bought from suppliers for R40 000 and paid for in cash 4 Sales made to customer for R5 000 cash with a cost price of R4 000 10 Stationary bought on credit for R3 000 14 Sales made to customer for R10 000 credit with a cost price of R9 000 Rental paid for building cash R3 000 25 Salary paid for assistant R8 000 30 Payment of R3 000 for stationary bought on credit 1 3 16 REQUIRED: Prepare the general journal entries for the month of March 2019, Answer ANY FIVE (5) questions below [100 MARKS] QUESTION 1 (20 Marks) 1.1 John is considering becoming a management accountant in industry. His friend, Penny, is already a financial accountant in the same industry. He is asking her for advice on a typical day in the office. Why is it probably not a good idea to consult Penny in this matter? (8 marks) 1.2 Thabo is preparing a business plan for a dothing manufacturing enterprise. He has considered raising capital to buy the equipment from different sources however he is unsure how to structure his business. Please advise Thabo on his options and how he could go about it. (12 marks) QUESTION 2 (20 Marks) MotoFix is a vehicle parts supplier based in Durban that specialising in the sale of parts for older motor vehides. It is solely by owned by Mr. Nkosi who also manages the business at all times. The business started operating on 1 March 2019 during which the following transactions occurred: Date Description Mr. Nkosi deposits R100 000 into the business bank account Various parts bought from suppliers for R40 000 and paid for in cash 4 Sales made to customer for R5 000 cash with a cost price of R4 000 10 Stationary bought on credit for R3 000 14 Sales made to customer for R10 000 credit with a cost price of R9 000 Rental paid for building cash R3 000 25 Salary paid for assistant R8 000 30 Payment of R3 000 for stationary bought on credit 1 3 16 REQUIRED: Prepare the general journal entries for the month of March 2019