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Fixbox Ltd (“Fixbox”) and Gearup Ltd (“Gearup”) are two companies Answers

QUESTION 1 (63 marks) Fixbox Ltd (“Fixbox”) and Gearup Ltd (“Gearup”) are two companies that sell tools. Both entities have a 31 December financial year-end. The following trial balances were obtained from the financial records of Fixbox and Gearup for the financial year ended 31 December 2023: Trial balance Fixbox Ltd (R) GearupLtd (R)   DR CR DR CR Ordinary share capital (R1 each for all […]

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