QUESTION 1 The following information relates to Tabita Ltd. The financial year ended on 28 February...
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QUESTION 1 The following information relates to Tabita Ltd. The financial year ended on 28 February 2023. REQUIRED: 1.1 Refer to Information B. Calculate the missing amounts denoted by (a) to (e). 1.2 Refer to Information A to K. Complete the Statement of Financial Position on 28 February 2023. (Show workings) INFORMATION: A: Amounts extracted from the records on 28 February 2023. (60 Marks) (22 Marks) (38 Marks) Balance sheet accounts section Ordinary share capital Retained income Fixed assets (carrying value) Loan from BAT Bank Trading stock Net trade debtors Fixed deposit GBS Bank Bank (Favorable) SARS Income tax (Provisional payments) Creditors' control Nominal accounts section (pre-adjustment amounts) Insurance Rent income Electricity R ? 520,000 ? 284,000 408,880 67,200 ? ? 209,000 184,000 30,200 108,450 42,000 QUESTION 1 The following information relates to Tabita Ltd. The financial year ended on 28 February 2023. REQUIRED: 1.1 Refer to Information B. Calculate the missing amounts denoted by (a) to (e). 1.2 Refer to Information A to K. Complete the Statement of Financial Position on 28 February 2023. (Show workings) INFORMATION: A: Amounts extracted from the records on 28 February 2023. (60 Marks) (22 Marks) (38 Marks) Balance sheet accounts section Ordinary share capital Retained income Fixed assets (carrying value) Loan from BAT Bank Trading stock Net trade debtors Fixed deposit GBS Bank Bank (Favorable) SARS Income tax (Provisional payments) Creditors' control Nominal accounts section (pre-adjustment amounts) Insurance Rent income Electricity R ? 520,000 ? 284,000 408,880 67,200 ? ? 209,000 184,000 30,200 108,450 42,000
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