Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mr. marothi owns borothos supermarket in thabong v

Mr. Marothi owns Borothos Supermarket in Thabong village. The...

80.2K

Verified Solution

Question

Accounting

image

Mr. Marothi owns Borothos Supermarket in Thabong village. The supermarket has the following departments: bakery, butchery, groceries, perishables and fruits and vegetables. In June 2019, Borothos Supermarket caught fire due to lose internal controls relating to fire hazards. As a result of this fire, some of the important assets were also destroyed Mr. Marothi submitted his claim to Alliance Insurance Group of Companies (Alliance). On 11 October 2020, Alliance made cash payments of the following items: Item Value of the item (Rands) Computers R90 000.00 Lights R10 000.00 Ceiling R15 000.00 Office Desk R 55 000.00 Chairs R10 000.00 Groceries R1 000 000.00 Point of Sale Systems R50 000.000 Wooden doors R5 000.00 The following items were replaced by the insurer (Alliance) on 20 December 2020 Kitchen Utensils 60 000.00 Bakery equipment 100 000.00 Grocery shelves 16 000.00 Calculate output tax relating to the above For the toolbar press ALT+F10 (PC) or ALT+FN+F10 (Mac), acer

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

What is the volume of this sphere Use 3 14 and round your answer to...

Basic Math
1.2K views

Find the coordinates of all local extrema and inflections of y = x − 4√x. Give...

Chemistry
1.2K views

Sulfur (2.56 g) was burned in a constant volume calorimeter with excess O2(g). The temperature increased...

Biology
1.2K views

After surgical removal of an infected gallbladder, a person must be especially careful to restrict...

Physics
1.2K views

The block A in figure weighs 100 N The coefficient of static friction between the...

Calculus
1.2K views

Solve the equation by factoring 1 10t 24 0

Accounting
1.2K views

The following information pertains to Queen Corporation's property, plant and equipment: Carrying amount, beginning P5,000,000...

Accounting
1.2K views

Brea Corporation's fiscal year-end is December 31,2024 . The following is a partial adjusted trial...

Accounting
1.2K views

The following account balances were provided by Adams Company as of December 31,2022:...

Accounting
1.2K views

A r beidsly whether each cut would rather be shot or comment. Each the thesis...

Finance
1.2K views

One of the key concepts that was introduced in this module is business risk; and,...

Accounting
1.2K views

Computing Partial Period, Sum-of-the-Years'-Digits Depreciation A machine with a five-year estimated useful life...