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A sole trader has the following items in the book accounts: Sales R60 000; Cost of Sales R50 000; Opening Stock R10 000, Purchases R40 000; Wages R20 000 and Office Rent R10 000

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A sole trader has the following items in the book accounts: Sales R60 000; Cost of Sales R50 000; Opening Stock R10 000, Purchases R40 000; Wages R20 000 and Office Rent R10 000. What is the value of net profit/loss? ed out of Select one: O a. Loss: R10 000 question O b. Loss: R70 000 c Profit: R30 000 Od Loss: R20 000 13 of this, one month rents pertain to the next accounting A business paid 3 months' rent amounting to R3 10. period. Identify the correct amount for prepaid expense d out of Select one: O a. R3 000 ution O b. R4 000 @ c. R2 000 d. R1 000 14 Rent prepaid as at the commencement of the year was R8 000. Having agreed to pay rent at R4 000 per month, the business was able to pay during the year only R28 000. What is the position at the year end? . But af gestion Select one: O a. Rent accrued is R12 000, b. Rent accrued is R20 000 Rent pre-paid is R12 000. d. Rent prepaid is R4 000.