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Sibasa Traders sells different product streams. Not all product streams were pro...
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Sibasa Traders sells different product streams. Not all product streams were profitable during the 2021 financial year. At 31 August 2021, the financial year-end of Sibasa Traders, the following information was obtained from the entity’s accounting records:
R
| |
Net sales: Laptops
|
300 000
|
Net sales: Tablets
|
200 000
|
Net sales: Games
|
50 000
|
Net purchases: Laptops
|
70 000
|
Net purchases: Tablets
|
115 000
|
Net purchases: Games
|
65 000
|
Interest paid
|
12 750
|
Carriage on purchases: Laptops
|
17 000
|
Carriage on purchases: Tablets
|
16 600
|
Carriage on purchases: Games
|
12 500
|
Advertising
|
11 500
|
Water and electricity
|
15 000
|
Calculate the amount that will be transferred from the trading account to the profit or loss account for the Games product line for the year ended 31 August 2021.
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
3. If the total amount calculated is a loss, please enter the amount as a negative (eg: -12141.72), if the amount calculated is a profit, please enter the amount as a positive (eg: 12141.72)