# Accounting Paper 1, November 2024, question 1.2(b)

> Calculate the total other income that Protea Ridge Ltd must show in its... Marked mark by mark. Q1.2(b), Accounting Paper 1 November 2024, 10 marks.

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Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q1.2(b). Marks: 10. Not yet checked by a teacher.

## Question 1.2(b) (10 marks)

Protea Ridge Ltd, financial year ended 29 February 2024.
Balances in the books:
Service fee income: R640 000
Rent income: R126 000
Debtors’ control: R480 000
Provision for bad debts (before adjustment): R31 200
Profit on sale of a vehicle (already calculated): R6 400
Adjustments:
1. The monthly rent did not change from 1 March 2023 to 30 November 2023. On 1 December 2023 the rent was decreased by 10%. Rent has been received up to 31 March 2024.
2. The provision for bad debts must be adjusted to 5% of the debtors.

Calculate the total other income that Protea Ridge Ltd must show in its Statement of Comprehensive Income. Show your workings for the rent income and for the provision for bad debts.

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[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q1-2-b/) and see it marked mark by mark, with the reason for every lost mark.

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