The following balances were extracted from the accounting records of SA Traders at 31 December 2023.  REquipment  405 000Bank (Cr)100 000Long term loan220 000Trade payables control85 000Inventory15 000Trade receivables control79 000 The equity amount of SA Traders at 31 December 2023 is as follows?Select one:a.R64 000b.R294 000c.R94 000d.R194 000

The following balances were obtained from the accounting records of SA Attorneys on 1 February 2022: ClientTrust creditorsaccountRClients account RA South2 000 Cr4 000 DrS Africa7 000 Cr3 000 Dr 9 000 Cr7 000 Dr The following transactions took place and were accounted for on 28 February 2022:  Client Trust receipts bankRFees charged at the end of the dayRA South5 0003 800S Africa04 600 5 0008 400 A pro-forma invoice was issued on 15 February 2022 to A South for R5 000. A South immediately paid the amount into the account of SA Attorneys.What will be the amount that must be transferred to the business bank account from the trust bank account from S Africa after all obligations to S Africa were met in full on 28 February 2022?Select one:a.R7 000b.R0 because an amount of R2 400 should be transferred to the clients account of S Africac.R3 000d.R3 800

On comparing the cash journals of SA Traders for the month ending 31 January 2020 with the bank statement for the same period, it was noted that an amount of R520 for interest received appears on the banks statement but has not been recorded in the subsidiary journals.The correct entry in the accounting records of SA Traders should be the following:Select one:a.An entry of R520 in the cash payments journal of SA Traders for 31 January 2020.b.An entry of R520 in the credit column of the bank reconciliation statement of SA Traders as at 31 January 2020.c.An entry of R520 in the cash receipts journal of SA Traders for 31 January 2020.d.An entry for R520 in the debit column of the bank reconciliation statement of SA Traders as at 31 January 2020.

15) The following is the trial balance of a trader as on 31st Chaitra, 2075: [4+6+5=15]Particulars Debit (Rs) Particulars Credit (Rs)Opening stock 1,40,000 Sales 3,00,000Salaries 51,000 Capital 4,00,000Drawing 50,000 12% Loan 50,000Building 2,00,000 Commission 3,000Furniture 30,000 Creditors 50,00010% Investment 50,000 Bills payable 134,000Purchases 2,50,000 Provision for bad debt 2,500Interest on loan 3,000    Wages 20,000    Insurance 5,000    Debtors 1,00,000    Cash balance 10,500    Bills receivable 30,000      9,39,500   9,39,500Additional information:a) Closing stock Rs. 1,50,000.b) Outstanding expenses: Wages Rs. 2,000, Salaries Rs. 9,000.c) Write off bad debts Rs. 10,000.d) Create provision for bad debts @ 5% on debtors.e) Insurance prepaid Rs. 2,500.f) Depreciate furniture by 10%.Required:Trading accountBalance sheetProfit and loss account

On January 1, 2019, Sahil Limited (SL) had an opening credit balance of Rs. 10,000 on its tax account, which represented the balance on the account after settling its tax liability for the previous year. The company had a credit balance on its deferred tax account of Rs. 3.2 million at the same date. Income tax expense for the year has been estimated at Rs. 2 million which would increase its deferred tax account balance by Rs. 300,000. What amount would be reported in the statement of financial position of SL as at December 31, 2019? (03)

You were presented with the following list of balances by the bookkeeper of SA Attorneys at 30 June 2021. The balances already include all transactions and fees levied after all obligations to the clients were met in full. Client/Trust creditorTrust creditors’ ledgerClients’ ledgerB GautengR17 800 (credit)R22 100 (debit)C KwazuluR13 200 (credit)RnilD WesternR1 900 (debit)R6 000 (debit)A North            Rnil  R5 450 (debit) What is the total balance of the clients’ ledger account after all transfers have been made on 30 June 2021?Select one:a.R17 650b.R33 550c.R11 650d.R15 750