$\backslash$table$[[$Real accounts,Fol.,Debit,Credit$],[$Capital$,81,,192375],[$Motor vehicles at cost$,B2,245000,],[$Accumulated depreciaton: motor vehicles,$83,,147000],[$Computer equipment at cost$,84,63900,],[$Accumulated depreciaton: computer equipment,$85,,23004],[$Land and buldings,$86,752000,],[$Loan from: Peoples Bank,$87,,71000],[$Mortgage bond: Peoples Bank,$88,,485000],[$Fixed deposit: Peoples Bank,$89,77000,],[$Bank$,$B$10,25880,],[$Petty cash,B$11,1050,],[$Inventory$,$B$12,178550,],[$Accounts receivable,B$13,98545,],[$Accounts payable,B$14,,67899],[$Nominal accounts$],[$Sales$,$N$1,,3322486],[$Interest income,N$2,,6738],[$Rent income,N$3,,137200],[$Insurance refund,N$4,,12500]]$

$\backslash$table$[[$Purchases$,$N$7,1658775,],[$Advertising$,$N$8,18552,],[$Accounting fee,N$9,27000,],[$Bank charges,N$10,15546,],[$Credit losses,N$11,12355,],[$Consulting fees,N$12,55000,],[$Interest expense,N$13,50967,],[$Insurance$,$N$14,47250,],[$Stationery$,$N$15,7445,],[$Motor vehicles expenditure,N$16,19885,],[$Courier and postage,N$17,2745,],[$Repairs and maintenance,N$18,48774,],[$Salanes and wages,N$19,787445,],[$Subscriptons$,$N$20,14000,],[$Legal fees,N$21,7988,],[$Donations$,$N$22,1680,],[$Staff welfare,N$23,28774,],[$Staff training,N$24,83760,],[,,1362106,1],[,,,]]$

Additional information

Insurance includes an amount of R$18900,$ which was paid for a sixmonth period from $10$ ctober $2020$

Closing inventory as at $31$ December $2020$ amounted to R$274886.$

Rent income was received for the period $1$ January $2020$ to $28$ February $2021.$ Rent income is fixed monthly payment

Subscriptions paid is only for $10$ months instead of $12$ months. Subscriptions are equal monthly premiums

Interest on the fixed deposit only reflects interest from $1$ January $2017$ to $31$ July $2020$

People Bank is still obligated to pay interest for the rest of the year.

Depreciation for the year needs to be raised. Computer equipment is depreciated at $20\%$

p$.$a$.$ on the reducing$-$balance method, and motor vehicles at $20\%$ p$.$a$.$ on straight$-$line method. Depreciation for building amounted to R$71000$ for the year.

Interest on non$-$current liabilities has only been paid for $11$ months. Interest should represent the full $12$ months.

An additional credit loss amounting to R$3888$ needs to be written off as per Mr Wilson

Alowance for credits lonses must be provided at $7\mathrm{.}5\%$ of gross trade

recivable

YOU ARE REQUIRED TO:

$1$ Prepare the post$-$adjustment trial balance at $31$ December $202038\mathrm{.}5$

Marks

$2$ Prepare the statement of profit or loss for the year ended $31$

December $2020.$

$13\mathrm{.}5$

Marks

$3$ Prepare the statement of financial position as at $31$

December $2020($N$.$B ONLY THE ASSETS PART$).$

$8$ Marks.