Additional information and adjustments Physical stocktaking on 29 February 2024 revealed the following inventories:...
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Additional information and adjustments Physical stocktaking on February revealed the following inventories: Trading inventory, R Stationery, R Rent has been paid up to January Make the necessary adjustment. A debtor who owed R was declared insolvent. His account must now be written off The provision for bad debts must be decreased by Provide for the outstanding interest on the loan from Mi Bank, R The telephone account for February was due to be paid on March R According to the bank statement service fees of were levied by the bank. This has not been recorded. Received from H Lino whose account was previously written off. No entry was made for this. A debtor whose account was overdue for one month must be charged interest at pa on the account balance of Provide for depreciation as follows: On vehicles at per annum using the diminishing balance method. On equipment at per annum on cost 
Additional information and adjustments
Physical stocktaking on February revealed the following inventories:
Trading inventory, R
Stationery, R
Rent has been paid up to January Make the necessary adjustment.
A debtor who owed R was declared insolvent. His account must now be written off
The provision for bad debts must be decreased by
Provide for the outstanding interest on the loan from Mi Bank, R
The telephone account for February was due to be paid on March R
According to the bank statement service fees of were levied by the bank. This has
not been recorded.
Received from H Lino whose account was previously written off. No entry was
made for this.
A debtor whose account was overdue for one month must be charged interest at pa
on the account balance of
Provide for depreciation as follows:
On vehicles at per annum using the diminishing balance method.
On equipment at per annum on cost
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