TLI4801 Portfolio 2024 (TLI4801)

TLI4801 EXAM OCTOBER 2024 Question 1.1 Ms. Bright Lesedi is a businesswoman from Bela-Bela. She runs a business that manufactures furniture. On 20 April 2024 she purchased raw material from Olive Woods Furniture (“Olive Woods”), a furniture material factory in Pretoria, for an amount oR180 000,00. The material was delivered by Olive Woods and a copy of the invoice wahanded to Ms. Lesedi, who then neglected to pay for the material within the 30-day perioprovided for in ter...