ANSWER QUESTION 3 ONLY

Answer sheet

Question 2 (68) The following Trial Balance appeared in the books of Stormers WP on 31 October 2021 Required: 1. Draw up the statement of Profit or Loss for the year ended on 31 October 2021 (26) 2. Draw up the statement of Financial position for the year ended on 31 October 2021 (14) 3. Show the notes to the statement of Financial position. Show only the following notes: (28) - Property, equipment and vehicles - Inventory - Cash - Statement of changes on equity Information: Trial Balance of Stormers WP on 31 October 2021 Additional information: The inventory was valued at R 125500 after a physical stocktaking on 31 October 2021. Notes to the Statement of Financial Position 1. Property, Plant and Equipment (8) (2) 3. Financial Assets 4. Financial Liabilities Statement of changes in equity for the year ended 31 October 2021