Reference no: EM132953529
Use the following information to answer the question below:
R
Land and buildings at carrying amount 476 000
Debtors control 66 164
Creditors control 400 470
Inventories 109 385
Vehicles at carrying amount 161 269
Bank (favourable) 703 909
Short-term loan: ABC Bank 8 530
Equipment at carrying amount 40 841
Problem 1: What is the total amount for non-current assets that will be disclosed in the relevant financial statement?
A. R746 559
B. R678 110
C. R744 274
D. R787 495
Problem 2: Which one of the following statements is true for a trial balance of an entity?
A. The trial balance is drawn up from the books of prime entry.
B. The trial balance is drawn up from source documents which provide evidence for a transaction having taken place.
C. The trial balance is drawn up from the accounts in the general ledger.
D. The trial balance is drawn up from the financial statements.
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