Question $1$

Answer ALL questions in this paper.

$[100$ MARKS$]$

QUESTION $1$

$(20$ Marks$)$

FIESTA TRADERS

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED $28$ FEBRUARY $2023$

Workings $($If any$)$

R

Sales

Cost of sales

Gross profit

Other operating income

Gross operating income

Operating expenses

Salaries and wages

Bad debts

Stationery

Rates and taxes

Motor expenses

Repairs to building

Telephone

Electricity and water

Bank charges

Insurance

Operating profit

Interest income

Interest expense

Net profit for the year