FAC1501 EXAM PACK

University of South Africa

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FAC1501 EXAM PACK.
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270

October 2021

2021/2022

A+
FAC1501 EXAM PACK. STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME MOKALA TRADERS STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 SEPTEMBER 2017 R Revenue ሺ૚ ૜૞૙ ૟૙૙ − ૚૜ ૙૞૙ − ૚૜ ૡ૙૙ሻ Cost of Sales 1 323 750 (858 000) Opening Inventory Purchases ሺ͹ͻͷ ͳͷͲ − ͳͷ ͻͲͲ − ͳͳ ͳͲͲሻ Closing Inventory 217 950 768 150 (128 100) Gross Profit Other Income 465 750 8 400 Interest on...
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