Date

Received:..................
Programme
Module Name
Surname
First Name(s)
Student Number
Date Submitted
Postal Address

Email Address
Contact Numbers

Cell: +264 81
Home: +264 Work: +264

Alternate Contact:

Name:
Relationship:
Contact Number: +264 81

I hereby confirm that the assignment submitted herein is my own original work.

Signature of Student: .. Date: April 2015.

Question 3
3.1 Debtors Account
Debtors Account
201
4
Apr-

R
160

01 Balance b/d
Payments to debtors
Sales
Interest charged on
debtors account
Dishonoured cheque

Cash received from

00
100
117

debtors
Discount allowed

00

Returns inwards

100
550

Bad debts written of

Contra
Apr
-30 Balance c/d

284
May
-01 balance b/d

50
129

20
500
130
0
180
300
129
50
284
50

50

3.2 Reconciliation of debtors balances

Total list of debtors balances at 30 April
Sales - N. Boddy
Sales returns - R Stop
L. Long - R/D Cheque
Bad debts w/o
Balance at 30 April

R
132

R
13610
90
-100
550
-180
12950

Question 4
4.1 Income statement of Orange trader for the year ended 29 February 2014
R
Sales (250620-250)
Cost of sales
Opening inventory
Purchases (116040-1150)
Railage on purchases
Less closing inventory
GROSS PROFIT
Other Income
Rent Income
GROSS INCOME
Expenses
Salaries and wages
Railage on sales
Interest on loan
Depreciation on vehicles
Depreciation on equipment
Insurance (660-120)
Printing (1350+1350)
Stationery
Packaging material
Discount received
bad debts
Provision for bad debts
NET INCOME

R
250370
115800

13760
114890
2500
131150
15350
134570
9450
9450
144020
104550
77500
1600
8400
3400
560
540
2700
5400
3600
400
300
150
39470

4.2 Statement of changes in equity for the year ended 29 February 2014
R
Opening balance

60500

Add: net Profit

39470
99970

Less: Drawings

3400

Closing balance

96570

References