G11 Test 2 Acc

what are the items that are included in a partnership agreement?

• 
  Termination terms of the

  partnership agreement

• 
  Duties of partners

• 
  The number of partners

The capital contributions of partners are recorded on each partner's current account

• True
• False

Provision for bad debts has decreased by R500 from R2 000 in 2024 to R1 500 in 2025. The provision for bad debts adjustment will form part of ?

• 
  Other operating Income

• 
  Sales

• 
  Operating expenses

• Net profit

Loan balance @ 1 Janaury 2025 =R165 000

Repayment =R55 000

Loan balance @ 31 December 2025 =R140 000

Interest capitilized =

• R30 000

• R13 750

• R80 000

Year end (28 Feb 2024)

Rent income R78 200 (From pre-adj trial balance)

Rent income has been received for 10 months.The rent decreased bt R400 P/M from 1 November 2023 . The to be included in the rent income is​ ?

• 
  R15 500

• 
  R14 000

• R15 000

Depreciation is a non-cash item that shows the assets lost value overtime. It is accounted for sold, old and new assets.

• True
• False

The financial statement where accrued expenses are recorded?

• 
  Income Statement

• 
  Statement of financial position

• Cash flow statement

If a debtor is declared insolvent, which accounts will be affected ?

• 
  Debtors Control

• Bad Debts

• Inventory Account

• 
  Trading stock acount