Crowdly
Add to Chrome
Sibasa Traders sells different product streams. Not all product streams were pro...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
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
|
358 527
|
Net sales: Tablets
|
199 018
|
Net sales: Games
|
139 754
|
Net purchases: Laptops
|
83 656
|
Net purchases: Tablets
|
197 435
|
Net purchases: Games
|
57 681
|
Interest paid
|
15 237
|
Carriage on purchases: Laptops
|
20 316
|
Carriage on purchases: Tablets
|
19 838
|
Carriage on purchases: Games
|
8 938
|
Advertising
|
10 938
|
Water and electricity
|
17 926
|
Calculate the amount that will be transferred from the trading account to the profit or loss account for the Laptop 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)