Statement of Financial Position as at 31 December: Assets Non-current assets Inventories Accounts receivable Cash Equity...

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Statement of Financial Position as at 31 December: Assets Non-current assets Inventories Accounts receivable Cash Equity and liabilities Ordinary share capital Retained earnings Long-term loan Accounts payable Income tax payable Additional information 2024 2023 R R 980 000 780 000 1 300 000 1 000 000 388 000 310 000 184 000 147 000 2 852 000 2 237 000 704 000 563 000 816 000 680 000 420 000 330 000 900 000 655 000 12 000 9 000 2 852 000 2 237 000 1. All purchases and sales of inventories are on credit. The purchases for the year ended 31 December 2024 amounted to R2 500 000. Statement of Financial Position as at 31 December: Assets Non-current assets Inventories Accounts receivable Cash Equity and liabilities Ordinary share capital Retained earnings Long-term loan Accounts payable Income tax payable Additional information 2024 2023 R R 980 000 780 000 1 300 000 1 000 000 388 000 310 000 184 000 147 000 2 852 000 2 237 000 704 000 563 000 816 000 680 000 420 000 330 000 900 000 655 000 12 000 9 000 2 852 000 2 237 000 1. All purchases and sales of inventories are on credit. The purchases for the year ended 31 December 2024 amounted to R2 500 000.