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CURRENT ACCOUNT NOTE: MARRONNIE FASHIONS Statement of profit for the year

Accounting

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Answer

R(9 200)\text{R}(9\,200)

Step-by-step solution

2 steps
  1. Identify the row for "Balance at the beginning of the year" and the columns for "Martin", "Ronnie", and "Total".

    The table shows:

    • Martin's Balance at the beginning of the year: 21 60021\,600
    • Ronnie's Balance at the beginning of the year: (30 800)(30\,800)
    • Total Balance at the beginning of the year: G
  2. Calculate the total by summing Martin's and Ronnie's balances.

    G=21 600+(−30 800)G = 21\,600 + (-30\,800) G=21 600−30 800G = 21\,600 - 30\,800 G=−9 200G = -9\,200

    The missing value for the total balance at the beginning of the year is R(9 200).

    The value of G is:

    R(9 200)\text{R}(9\,200)
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