counting Final OSA (5).pdf QUESTION 2 2.2 4 / 10 02 REQUIRED Use the relevant information from the transactions of GH Traders provided below to answer the following questions: 2.1 Calculate the total income, total expenses and net profit (loss) for the month ended 31 October 2023. Prepare the Statement of Financial Position as at 31 October 2023. INFORMATION 03 05 08 09 100% + B (20 Marks) Date Transactions of GH Traders for October 2023 01 The proprietor of GH Traders deposited R300 000 into the bank account of the business as her capital contribution. Purchased equipment and inventory by means of an electronic funds transfer (EFT) from Avo Wholesalers for R30 000 and R80 000 respectively. Purchased stationery from KL Suppliers on credit for R1 500. Withdrew R800 cash from the bank to be used as petty cash. Sold goods on credit to K. Rogers for R2 000 (Cost of sals R1 400). K. Rogers returned goods with a cost price of R350 and a selling price of R500. (5 marks) (15 marks)

REQUIRED Use the relevant information from the transactions of GH Traders provided below to answer the following questions: 2.1 Calculate the total income, total expenses and net profit (loss) for the month ended 31 October 2023. (5 marks) 2.2 Prepare the Statement of Financial Position as at 31 October 2023. (15 marks)