tableCapitalDrawings Longterm loan Secured by equipment Investment at costVehicles Cost,Equipment Cost,Accumulated depreciation vehicles,Creditors control,Debtors control,Irventory of consumables March Bank drIncome from sales,PurchasesPurchases returns,Carriage onfurchases,Salaries and wages paid,General expenses,Interest expense,Rent paid,
Additional information:
Inventory on hand at March amounted t R co
Depreciation on equipment must still be provided for at per annum on cost price.
Depreciation on Vehicles must still be provided for at per annum on reducing balance method.
Salaries and wages not yet paid for March zo amount to R O
You are required to:
Prepare the statement of profit and loss and other comprehensive income of Thompson Traders for the year ended March
