Question: Use the following information to answer the question below table [ [ Allowance for credit losses,, 1 8 5 0 ] , [ Prepaid
Use the following information to answer the question below
tableAllowance for credit losses,,Prepaid expenses advertising,Income received in advance rent,BankCash float,Total comprehensive loss for the year,
Additional information:
The longterm loan with interest at per annum is repayable over a period of years. The capital that will be repaid from March to February amounts to R No interest was due at the end of the financial year.
Trade and other receivables on the statement of financial position of Giyani Traders as at February will amount to
Giyani Traders is a business that sells electronic equipment. The entity is not registered as a VAT vendor. The financial yearend of Giyani Traders is February of each year. The following trial balance was extracted from the financial records of Giyani Traders.
GIYANI TRADERS
PREADJUSTMENT TRIAL BALANCE AS AT FEBRUARY
tableDebit,CreditRRFinancial position sectionCapitalDrawingsLand and buildings at cost price,MortgageVehicles at cost price,Computer equipment at cost price,Accumulated depreciation: Vehicles,,Accumulated depreciation: Computer equipment,,InventoryTrade receivables,
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