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QUESTION 1: FINANCIAL STATEMENTS AND NOTES TO FINANCIAL STATEMENTS (59 marks; 34 minutes) You are provided with information for Daddabuy Limited for the financial year ended 28 February 2021.   REQUIRED:   1.1 Complete the Income Statement for the year ended 28 February 2021. (47) 1.2 Complete the Note for Retained Income Note. (12) INFORMATION:   EXTRACT FROM THE PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2021   Balance Sheet Accounts Section Debit Credit Ordinary share capital   7 200 000 Retained income (1 March 2020)   455 600 Loan: Bulls Bank   ? Trading stock 1 905 000   Creditors’ control   974 600 SARS (Income tax) 523 600   Provision for bad debts   42 800 Fixed deposit: Monkey Bank (7%) 600 000   Nominal Accounts Section     Sales   ? Cost of sales 14 800 000   Rent income   252 000 Interest on fixed deposit   21 000 Directors’ fees 1 525 000   Salaries and wages 865 350   Bad debts 22 500   Audit fees 160 000   Advertising 555 000   Consumable stores 72 600   Depreciation ?   Depreciation Equipment 29 800   Depreciation Vehicles ?   Sundry expenses 647 051   Ordinary share dividends 480 000  

B. EXTRACT FROM BALANCE SHEET AT 30 JUNE 2020     2020 2019   ASSETS       Non-current assets  4 538 400 3 370 000    Fixed assets 5 338 400 3 750 000    Financial assets 200 000 750 000   Current assets 1 760 000      Inventories 440 000      Trade and other receivables        SARS (Income tax) 36 000 0    Cash and cash equivalents 125 000 30 000   TOTAL ASSETS    

G. The loan statement received from Bulls Bank on 28 February 2021 indicated the following:       R Balance at beginning of financial year 2 460 000 Repayments during financial year 850 000 Interest capitalised ? Balance at end of financial year 1 850 000   H. Income tax for the financial year was calculated at 28% of the net profit before tax.   I. Shares and dividends:     ·       800 000 ordinary shares were in issue on 1 March 2020. ·       Interim dividends were declared and paid on 1 September 2020. ·       The directors decided to repurchase 5% of the shares in issue on 26 February 2021. These shares were repurchased at R11,20 per share. No entries have been made for this transaction. All shares qualified for the final dividend. ·      The final dividend per share recommended by the directors on 28 February 2021 was 44 cents per share.   [59]

  Question 1.5     This type of animal gets its energy from eating only plants.  (1) 

  Question 1.4     Consumers are:   (1)

AFDELING B – ONTWERP IN ‘N HISTORIESE KONTEKS Vraag 5 – De Stijl   Verwys na Figuur 5 en beantwoord die vraag wat volg. Ontleed die ontwerp, maak seker dat u die werklike ontwerp bespreek en nie die foto per se nie.     Regskliek op die knoppie hieronder om die figuur in ‘n nuwe TAB oop te maak:       Figuur 5   5.1 Groot ontwerp gaan oor besonderhede. Met innoverende materiaal seleksie, sinvolle konstruksie tegnieke en moderne estetika kan ‘n mens ‘n unieke ontwerp taal wat ‘n nuwe standaard stel. – James Roi     Verwys na die stelling  hierbo sowel as Figuur 5 en bespreek die De Stijl-beweging  volgens die volgende riglyne:   • Noem die  ontwerper en  die  werk van Figuur 5. • Bespreek TWEE invloede. • Identifiseer en bespreek VIER eienskappe.   Jou bespreking moet 150 – 200 woorde lank wees. (10)

EKSTRA OPLAAI SPASIE:

1.HIERDIE VRAESTEL BESTAAN UIT  7 VRAE MET RELEVANTE FIGURE. 2. ALLE VRAE IS VERPLIGTEND. 3.SKRYF/TIK OP ‘N DUIDELIKE, FEITELIKE EN GESTRUKTUREERDE WYSE, MET BEHULP VAN VOLLE SINNE EN PARAGRAWE VOLGENS DIE INSTRUKSIES VAN ELKE VRAAG. 4. WEES BEDAG OP DIE PUNTETOEKENNING VAN ELKE VRAAG. 5. MOENIE DIESELFDE FEITE EN VOORBEELDE IN VERSKILLENDE VRAE HERHAAL NIE  

2.1.2 Verduidelik watter boodskap die ontwerper gehoop het om deur Figuur 2 oor te dra. (2)

3.2.3 Ritme (2)