Question: Answer the THREE questions in this section. ConEet is a retailer of mobile phones. All of its revenue comes from a percentage of the sales

Answer the THREE questions in this section. ConEet is a retailer

Answer the THREE questions in this section. ConEet is a retailer of mobile phones. All of its revenue comes from a percentage of the sales value of Veryberry mobile phones which it delivers to customers' homes and workplaces. At the end of the financial year, 31 January 2012 , the following balances were presented. NOTE: The business calculates annual depreciation expense at a rate of 20% on the reducing balance basis. Using the information provided, prepare for ConEct: (12 marks) (a) An Income Statement for the year ended 31 January 2012 (b) A classified Balance Sheet as at 31 January 2012 (8 marks) Total 20 marks Answer the THREE questions in this section. ConEet is a retailer of mobile phones. All of its revenue comes from a percentage of the sales value of Veryberry mobile phones which it delivers to customers' homes and workplaces. At the end of the financial year, 31 January 2012 , the following balances were presented. NOTE: The business calculates annual depreciation expense at a rate of 20% on the reducing balance basis. Using the information provided, prepare for ConEct: (12 marks) (a) An Income Statement for the year ended 31 January 2012 (b) A classified Balance Sheet as at 31 January 2012 (8 marks) Total 20 marks

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