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: Net sales: Laptops Net sales: Tablets Net sales: Games Net purchases: Laptops Net purchases: Tablets Net purchases: Games Interest paid Carriage on purchases: Laptops Carriage on purchases: Tablets Carriage on purchases: Games Advertising Water and electricity R 291 772 277 472 152 712 291 413 215 742 63 029 16 649 22 199 21 677 9 766 11 952 19 588 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.

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: Net sales: Laptops Net sales: Tablets Net sales: Games Net purchases: Laptops Net purchases: Tablets Net purchases: Games Interest paid Carriage on purchases: Laptops Carriage on purchases: Tablets Carriage on purchases: Games Advertising Water and electricity R 291 772 277 472 152 712 291 413 215 742 63 029 16 649 22 199 21 677 9 766 11 952 19 588 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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