The BMZ Academy @ 061 262
THE BMZ ACADEMY
@061 262 1185/068 053 821
BMZ ACADEMY 061 262 1185/068 053 8213
, BMZ ACADEMY
Variations in figures, please apply the following formulars
1. Khanyisile Current Account
=13,500 + (6% x 13,500) + (15,000 x 2) + (6% x 431,500) + (560,) =
350,200
2. Trade and Other Receivables
=199,200 - 21,700 - 3000 = 174,500
3. Total Drawings
= 95,500 + 94,300 + (700 x 12) + (5,500 x 2) + (12,000 x 10) + (12,000 x 8) =
425,200
4. Correct Amount Received by Ride4Years
= 90% x 34 x R3,800 x 82%x(1 - 0.07) = 88,675.128 = 88,675
5. Security Expense
= 32,200 - (700 x 12) + 2,900 = 26,700
6. Revenue in the Statement of Profit or Loss
=3,126,800 - 27,300 = 3,099,500
7. Current Account of Tinyiko
= -9,500 + 560,000 + (6% x 246,700) + (20,000 x 2) - (6% x 9,500) = 324,732
8. Finance Costs
= 11.4% x x 1,338,500 = 114,441.75
9. PPE = (708,200 + 209,300 + 575,100 - 41,700 - 64,600) = 1,386,300
10. Capital Account
= 328,900 + (361,800 - 152,600 - 89,700 + 9,700) - 19,700 - 55,300 + 15,400
+ (2,500 x 5) = 380,200
11. Half Year Interest 11.4% x 1,338,500 x = 76,300
BMZ ACADEMY 061 262 1185/068 053 8213Page 2 of 5
, BMZ ACADEMY
12. Total Equity @ 30 June 2023
= 431,500 + 246,700 + 13,300 - 9,600 = 681,900
13. Total Current Assets
= 293,600 + 60,000 + 108,300 = 461,900
14. Cost of Sales
= 214,400 + (2,027,100 - 11,000) - 41,600 + 27,900 + 209,000 = 2,007,800
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
BMZ ACADEMY 061 262 1185/068 053 8213Page 3 of 5
, BMZ ACADEMY
IMPORTANT NOTES TO CONSIDER
THIS IS ONLY A FRAMEWORK, NO ONE SHOULD SUBMIT IT FOR FINAL
ASSESSMENT.
STUDENTS SHOULD COMPLETE THEIR OWN ASSIGNMENT, BUT KEEP IN MIND
THE RULES/INSTRUCTIONS
AS A TIP, IF YOU FIND THIS GUIDE USEFUL, YOU CAN CALL/WHATASPP US IF
YOU WANT A UNIQUE AND CUSTOMISED SOLUTION, SOMETHING THAT WE
GIVE YOU ALONE AND NOT SHARED WITH OTHER PEOPLE NOR SOLD ON
STUVIA AND OTHER ONLINE SITES
********************************************************************************************
AT BMZ Academy, WE WISH YOU THE BEST IN ALL YOUR STUDIES.
WE ARE YOUR MATES TO PASSING EXCELLENTLY IN ALL YOUR STUDIES.
DO NOT FORGET TO REACH OUT TO US FOR ANY FURTHER AND OTHER
ASSISTANCE!
GOOD LUCKY
BMZ ACADEMY 061 262 1185/068 053 8213Page 4 of 5
THE BMZ ACADEMY
@061 262 1185/068 053 821
BMZ ACADEMY 061 262 1185/068 053 8213
, BMZ ACADEMY
Variations in figures, please apply the following formulars
1. Khanyisile Current Account
=13,500 + (6% x 13,500) + (15,000 x 2) + (6% x 431,500) + (560,) =
350,200
2. Trade and Other Receivables
=199,200 - 21,700 - 3000 = 174,500
3. Total Drawings
= 95,500 + 94,300 + (700 x 12) + (5,500 x 2) + (12,000 x 10) + (12,000 x 8) =
425,200
4. Correct Amount Received by Ride4Years
= 90% x 34 x R3,800 x 82%x(1 - 0.07) = 88,675.128 = 88,675
5. Security Expense
= 32,200 - (700 x 12) + 2,900 = 26,700
6. Revenue in the Statement of Profit or Loss
=3,126,800 - 27,300 = 3,099,500
7. Current Account of Tinyiko
= -9,500 + 560,000 + (6% x 246,700) + (20,000 x 2) - (6% x 9,500) = 324,732
8. Finance Costs
= 11.4% x x 1,338,500 = 114,441.75
9. PPE = (708,200 + 209,300 + 575,100 - 41,700 - 64,600) = 1,386,300
10. Capital Account
= 328,900 + (361,800 - 152,600 - 89,700 + 9,700) - 19,700 - 55,300 + 15,400
+ (2,500 x 5) = 380,200
11. Half Year Interest 11.4% x 1,338,500 x = 76,300
BMZ ACADEMY 061 262 1185/068 053 8213Page 2 of 5
, BMZ ACADEMY
12. Total Equity @ 30 June 2023
= 431,500 + 246,700 + 13,300 - 9,600 = 681,900
13. Total Current Assets
= 293,600 + 60,000 + 108,300 = 461,900
14. Cost of Sales
= 214,400 + (2,027,100 - 11,000) - 41,600 + 27,900 + 209,000 = 2,007,800
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
BMZ ACADEMY 061 262 1185/068 053 8213Page 3 of 5
, BMZ ACADEMY
IMPORTANT NOTES TO CONSIDER
THIS IS ONLY A FRAMEWORK, NO ONE SHOULD SUBMIT IT FOR FINAL
ASSESSMENT.
STUDENTS SHOULD COMPLETE THEIR OWN ASSIGNMENT, BUT KEEP IN MIND
THE RULES/INSTRUCTIONS
AS A TIP, IF YOU FIND THIS GUIDE USEFUL, YOU CAN CALL/WHATASPP US IF
YOU WANT A UNIQUE AND CUSTOMISED SOLUTION, SOMETHING THAT WE
GIVE YOU ALONE AND NOT SHARED WITH OTHER PEOPLE NOR SOLD ON
STUVIA AND OTHER ONLINE SITES
********************************************************************************************
AT BMZ Academy, WE WISH YOU THE BEST IN ALL YOUR STUDIES.
WE ARE YOUR MATES TO PASSING EXCELLENTLY IN ALL YOUR STUDIES.
DO NOT FORGET TO REACH OUT TO US FOR ANY FURTHER AND OTHER
ASSISTANCE!
GOOD LUCKY
BMZ ACADEMY 061 262 1185/068 053 8213Page 4 of 5
