Accounting (58 marks, 87 minutes) Question 1 Ignore VAT This

Accounting (58 marks, 87 minutes) Question 1 Ignore VAT This question consists of 2 unrelated parts: PARTA (43 marks) Bakone Ltd (Bakone amount and fair value of the land on 30 June 2018 were R380 000 and R550 000 respectively. The revaluation was correctly reco expected that Amakitchen would pay this amount within the settlement period, based on how they have conducted their account i Question 1 (58 marks; 87 minutes) Ignore VAT for this question PARTA (42 marks) You are required to: a) Prepare the Statement question 1 show all calculations for part marks a) prepare the statement of comprehensive income of Bakone ltd for the year ended 30 june 2018 in accordance with IFRS (27marks) b) prepare the statement of changes in equity of Bakome ltd for the year ended 30 june 2018 in accordance with IFRS(15 marks) Your answer Typed answers are easier for students to read than handwritten notes Submit

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