SECTION A [100 MARKS] Answer ALL the questions in this section. Answer the questions from the information provided. 1.1 When a transaction takes place it passes through various stages in the accounting cycle. If stationery is purchased on credit, state how each stage is affected by answering the questions in the table provided. (20 Marks) (5 marks) State the source document Which journal is affected? Which two accounts will change in the general ledger? Which financial statement(s) will be affected? Which resource utilisation ratio will be affected? (15 marks) (2 marks) 1.2 Study the information provided below and answer the following questions: 1.2.1 Calculate the carrying value of the vehicles as at 01 March 2020. 1.2.2 How much depreciation is applicable for the financial year ended 28 February 2021 on the vehicle that was sold? (2 marks) 1.2.3 Prepare the Asset Disposal account in the general ledger. Close off the account. (5 marks) 1.2.3.1 (2 marks) 1.2.4 4. Calculate the depreciation for the year financial ended 28 February 2021 on the new vehicle that was purchased on 01 September 2020. 1.2.5 What was the cost price of the vehicles on 28 February 2021? (4 marks) SECTION A [100 MARKS] Answer ALL the questions in this section. Answer the questions from the information provided. 1.1 When a transaction takes place it passes through various stages in the accounting cycle. If stationery is purchased on credit, state how each stage is affected by answering the questions in the table provided. (20 Marks) (5 marks) State the source document Which journal is affected? Which two accounts will change in the general ledger? Which financial statement(s) will be affected? Which resource utilisation ratio will be affected? (15 marks) (2 marks) 1.2 Study the information provided below and answer the following questions: 1.2.1 Calculate the carrying value of the vehicles as at 01 March 2020. 1.2.2 How much depreciation is applicable for the financial year ended 28 February 2021 on the vehicle that was sold? (2 marks) 1.2.3 Prepare the Asset Disposal account in the general ledger. Close off the account. (5 marks) 1.2.3.1 (2 marks) 1.2.4 4. Calculate the depreciation for the year financial ended 28 February 2021 on the new vehicle that was purchased on 01 September 2020. 1.2.5 What was the cost price of the vehicles on 28 February 2021? (4 marks)