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N4 Financial Accounting November 2016 – futuremanagers.com

Financial Accounting N4 November 2015

1 January 2015. 2. Inventory records as at 30 June 2015 revealed the following stock on hand: •Trading stock R28 300 •Consumable stores R1 780 3. S. Pillay, a debtor, was declared insolvent. Her debt of R3 220 must be written off as irrecoverable. 4. Adjust the provision for bad debts to 5% of debtors. 5. Create a provision for discount …