Exotic Homes CC wanted to extend their building to include a lapa and a braai facility. They
Question:
Exotic Homes CC wanted to extend their building to include a lapa and a braai facility. They contracted Thatching Lapas (Pty) Ltd to build a new lapa and also to install a stainless steel braai when they are finish with the lapa
Exotic Homes CC agreed to pay a consideration of R100 000 for the lapa and R50 000 for the stainless steel braai. The contract was signed on 1 May 2017 The contract is cancellable in the event of non-performance by Thatching Lapas
(Pty) Ltd
Thatching Lapas (Pty) Ltd completed the lapa on 1 June 2017 and finished installing the stainless steel braai on 1 July 2017 and Exotic Homes CC took control of these on 1 August 2017 They paid Thatching Lapas (Pty) Ltd R150 000 on 1 October 2017 as per agreement
YOU ARE REQUIRED. To journalize the above in the books of Exotic Homes CC
ANSWER
Fill in the correct word(s) and/or amounts below DO NOT USE (space) (1) (RG)
3
6
G17″C
A
40 ENG
Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman