Samoosse Traders (registered for VAT) is a newly founded business trading in safety products and equipment. The accounting policies of Samoosse Traders is as follows:1.       The perpetual inventory system is applied2.       Vehicles is depreciated over 6 years using the reducing balance method3.       Furniture is depreciated at 10% per annum using the straight-line methodOn 1 August 2020, Samoosse Traders purchased new office furniture to the amount of R17 250 (VAT inclusive at 15%).What will the accumulated depreciation on the new furniture be for the financial year ending on 28 February 2022?Select one:a.R3 450,00b.R2 731,25c.R3 000,00d.R2 375,00

Office furniture was bought on 1st April 2015 for Ksh. 800,000. It isassumed that the furniture depreciates at the rate of 15% p.a. Youare required to clearly show the DEPRECIATION AMOUNTS, NETBOOK VALUES and also the BALANCE SHEET Extracts for eachof the years 2015, 2016 and 2017 using EACH of the methodsbelow separately:-I) Straight – Line Method (4 marks)II) Reducing – Balance Method

SA Traders operates as a hardware store and is a registered VAT vendor. The applicable tax rate is 15%. SA Traders makes use of the periodic inventory system, as well as control accounts. The transaction amounts are VAT inclusive where applicable.On 4 February 2022, SA Traders purchased stationery for use in the office and paid R1 120 in cash. The transaction will be entered into the .... as book of first entry.Select one:a.cash receipts journalb.purchases journalc.cash payments journald.general journal

Prepare trading Account profit and loss and profit and losss Approprition Account for the year ended 31 st March , 2019 and Balance sheet as at that date after accounting the following adjustments :(i ) stock as at 31 st March , 2019 was Rs. 50.000,(ii) Rent is Rs. 10.000 per month ,(iii) Depreciate Furniture and fixtures and Computers @ 20 % p.a ,Machinery @ 10% p.a and(iv) interest on capitals is allowed @ 6% p.a .

SA Traders is registered as a VAT vendor. The applicable VAT rate is 15%. The periodic inventory system and control accounts are used by the entity.On 5 March 2022 SA Printers completed printing for SA Traders to the value of R3 420,00 and was paid with an electronic funds transfer.The entry will be recorded in the journal with columns for bank, purchases, creditors, wages, VAT input, VAT output (cr) and sundry accounts as follows:Select one:a.In the bank column - R3 420,00, in the VAT output column - R446,09 and in the sundry accounts column - printing expense of R2 973,91.b.In the bank column - R3 420,00, in the VAT input column - R446,09 and in the sundry accounts column - printing expense of R2 973,91c.In the bank column - R3 420,00, in the VAT input column – R513,00 and in the sundry accounts column - printing expense of R2 907,00.d.In the bank column - R3 420,00, in the printing expense column - R2 973,91 and in the VAT input column - R446,09.e.In the bank column - R3 420,00, in the printing expense column - R2 973,91 and in the VAT output column - R446,09.

The following transactions for the month ended 30 November 2022 relate to S Mathi Traders. S Mathi Traders is a registered VAT vendor and uses the periodic inventory system (When using the periodic inventory system all inventory purchased is recorded in the purchases account (expense). No entry is made on date of sale for the cost price. You will learn more about the topic in learning unit 6 and 7) . Where applicable VAT is included in all amounts at a rate of 15%. Transactions by S Mathi Traders for November 2022 Cash sales per cash register roll, R20 000. Received a direct deposit for R6 000 from C Crawl in full settlement of his account. Credit sales of R30 000 to a debtor R Rose. Purchased inventory worth R12 000 on credit from B Bryn. Cash sales as per cash register roll, R11 000. Purchased inventory from, S Sam, and paid R2 875 in cash. Paid Inner-city Municipality for water and electricity consumed, R4 900. Interest of R850, received from ZM Bank on a fixed deposit, was recorded as R650 in the cash receipts journal. Bank charges for November 2022 amounts to R300 and must still be recorded.  REQUIRED:Record the above transactions of S Mathi Traders in the following subsidiary journals for November 2022: Cash receipts journal­­­Cash payments journal                                                                                                   Instructions for numeric responses:1.  Use a full stop to indicate any decimals (eg: 1000.01)2.  Round off to the  second decimal after the full stop (eg: 50.56)3.  If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")                                 Cash Receipts journal of S Mathi Traders for November 2022CRJDateDetailsAnalysesof receiptBankSalesVATAnswerTrade receivables controlSundry accountsAmountDetails2 AnswerAnswerAnswerAnswerAnswer   6Answer  Answer  Answer Answer Answer  15 AnswerAnswerAnswerAnswerAnswer   29 Answer     Answer   Answer Answer   Answer Answer    AnswerAnswerAnswerAnswerAnswer           Cash payments journal of S Mathi Traders for November 2022CPJDateDetailsBankAnswerVATAnswerSundry accountsAmountDetails22 AnswerAnswerAnswerAnswer   25 AnswerAnswer AnswerAnswer Answer30 AnswerAnswer Answer Answer  Answer   AnswerAnswerAnswerAnswer  Please answer all parts of the question.