You are employed as the cost accountant of Zwane Steel Technologies and your company incurred the...

 

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You are employed as the cost accountant of Zwane Steel Technologies and your company incurred the following income and expenses for the year ending 28 February 2022. The tax rate is 27% Wages and salaries Water and electricity Sales returns Insurance Interest on savings account Advertising Packing materials Sales Credit losses recovered Rent paid Vehicle expenses Cost of sales Interest on overdraft Stationery Telephone R 92 000 35 900 3 500 12 600 450 11 700 3.700 512 000 4 400 58 000 20 500 170 000 920 5 590 3 800 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Required: Prepare the statement of comprehensive income of your company for the year ended 28 February 2022 You are employed as the cost accountant of Zwane Steel Technologies and your company incurred the following income and expenses for the year ending 28 February 2022. The tax rate is 27% Wages and salaries Water and electricity Sales returns Insurance Interest on savings account Advertising Packing materials Sales Credit losses recovered Rent paid Vehicle expenses Cost of sales Interest on overdraft Stationery Telephone R 92 000 35 900 3 500 12 600 450 11 700 3.700 512 000 4 400 58 000 20 500 170 000 920 5 590 3 800 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Required: Prepare the statement of comprehensive income of your company for the year ended 28 February 2022

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