Question: REQUIRED 1. Identify the liability from the information for each part. 2. Discuss how the liability must be recognised and measured. 3. Provide the journal
REQUIRED 1. Identify the liability from the information for each part. 2. Discuss how the liability must be recognised and measured. 3. Provide the journal entries for each part for the year ended 30 April 2023. Please note: Ignore any VAT or income tax implications. Journal narrations are not required. Round all amounts to the nearest Rand. Show all the necessary calculations as part of your answer 4. Present and disclose the liability as identified in each part in the financial statements for the year ended 30 April 2023. REQUIRED 1. Identify the liability from the information for each part. 2. Discuss how the liability must be recognised and measured. 3. Provide the journal entries for each part for the year ended 30 April 2023. Please note: Ignore any VAT or income tax implications. Journal narrations are not required. Round all amounts to the nearest Rand. Show all the necessary calculations as part of your answer 4. Present and disclose the liability as identified in each part in the financial statements for the year ended 30 April 2023
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