Question 1 The following is an extract from the financial statements of Thandeka (Pty)Ltd for...
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Accounting
Question 1 The following is an extract from the financial statements of Thandeka (Pty)Ltd for the year ended 31 (40 Marks) December 2021. Question 1 The following is an extract from the financial statements of Thandeka (Pty)Ltd for the year ended 31 (40 Marks) December 2021. - Cash and cash equivalents on 31 December 2021 comorised cash in the bark of R3 000, cash float of R900 and peity cash of R1 350 . Cash and cash equivalerts on 31 December 2020 corrorised cash in the bank of R7800 and petty cash of R1950. Required: Prepare Cashflow Statement for the year ended 31 December 2020 using the drect method. Thanseka (Py) Lid Statement of Financial Position as as 31 December 2021. Additional informaton: - Operating profit was arrived at after alowing for the following: During the year, equipment with a carrying value of R42 750 (Cost, R48 750) was sold for R45 000 , and replased at a cost of R41 250 . All other assets (Land and buldings. R51 000. Plant and equipment, R150 000) were acquired for expansion purposes
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