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QUESTION 1 (25 Marks) \table[[BLUE BEN (Pty) Ltd,,],[PRE-ADJUSTMENT TRIAL BALANCE AS...

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Accounting

QUESTION 1
(25 Marks)
\table[[BLUE BEN (Pty) Ltd,,],[PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 DECEMBER 2022,,],[,,600000,00],[Balance Accounts Section,,232000,00],[Ordinary Share Capital,891600,00,],[Retained Income,170000,00,],[Land and Buildings,60000,00,],[Vehicles @ Cost,,28000,00],[Equipment @ Cost,,14000,00],[Accumulated Depreciation: motor vehicles,,264000,00],[Accumulated Depreciation: equipment,100000,00,200000,00],[Long term loan: TB Bank (14%),,],[Debentures (13%),,],[Investment in BX (Pty) Ltd,,],[Trading Stock,,]]\table[[Debtors control,128000,00,],[Provision for bad debts,,2560,00],[Bank,114260,00,],[Creditors Control,,54260,00],[SARS Income tax,35000,00,],[Nominal Accounts Section],[Sales,,1066250,00],[Cost of sales,603800,00,],[Debtors allowance,18000,00,],[Salaries,120000,00,],[Motor expenses,3450,00,],[Interest on loan,36960,00,],[Discount allowed,3880,00,]]
\table[[Commission income,,24930,00],[Directors' fees,5015000,]]\table[[Commission income,,24930,00],[Directors' fees,50150,00,],[Auditor's fees,13000,00,],[Dividends on ordinary shares,16000,00,],[Repairs,28160,00,],[Other operating assets,45740,00,],[,2486000,00?,2486000,00
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