1. Revenue
Sales (given): R4,992,500
Settlement discount granted: (R8,500)
Net Revenue = 4,992,500 – 8,500 = R4,984,000
2. Cost of Sales
Opening Inventory: R72,400
Purchases: R459,900
Carriage on Purchases: R34,600
Closing Inventory: (R74,000)
COGS = 72,400 + 459,900 + 34,600 – 74,000 = R492,900
3. Gross Profit
Revenue = R4,984,000
COGS = (R492,900)
Gross Profit = R4,491,100
4. Other Income
Settlement Discount Received = R3,500
Dividends from BC Trucks Ltd = 5,998 × R6.50 = R38,987
Total Other Income = 3,500 + 38,987 = R42,487
5. Expenses
Sales (given): R4,992,500
Settlement discount granted: (R8,500)
Net Revenue = 4,992,500 – 8,500 = R4,984,000
2. Cost of Sales
Opening Inventory: R72,400
Purchases: R459,900
Carriage on Purchases: R34,600
Closing Inventory: (R74,000)
COGS = 72,400 + 459,900 + 34,600 – 74,000 = R492,900
3. Gross Profit
Revenue = R4,984,000
COGS = (R492,900)
Gross Profit = R4,491,100
4. Other Income
Settlement Discount Received = R3,500
Dividends from BC Trucks Ltd = 5,998 × R6.50 = R38,987
Total Other Income = 3,500 + 38,987 = R42,487
5. Expenses
