QUESTION $3$

$3\mathrm{.}1.$ On $30$ June $2021,$ the debtors control account in the general ledger has a balance of R$55000.$

The provision for bad debts a$/$c has a balance of R$3000$ from the previous year. The provision must

be adjusted to $5\%$ of the debtors.

Show the calculations and journal entries.

$3\mathrm{.}2.$ Pre$-$Adjustment Trial Balance $-30$ June $2022$

Adjustments: Depreciation is to be provided as follows:

On vehicles at $10\%$ p$.$a$.$ on the diminishing balance method.

On equipment at $20\%$ p$.$a$.$ on cost$.$

Show the calculations and journal entries.

$3\mathrm{.}3.$ Explain and elaborate what historical and industry standards?