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Missing balance sheet to the previous question Please don't Answer this It's an error Information extracted from the Statement of Financial Position for the past
Missing balance sheet to the previous question
Please don't Answer this It's an error
Information extracted from the Statement of Financial Position for the past two years: 2020 (R) 2019 (R) ASSETS Non-current assets Property, plant and equipment (fixed assets) Current Assets Inventories (all trading stock) Trade & other receivables Cash & cash equivalents 2 596 550 2 596 550 416 000 160 000 40 000 216 000 3 012 550 2 333 000 2 333 000 384 000 275 000 87 000 22 000 2 714 000 2020 (R) 2019 (R) EQUITY AND LIABILITIES Equity Ordinary share capital (issued at R10 each) Share premium Retained Income Non-Current liability (Mortgage loan, 12% p.a) Current liabilities Trade & other payables SARS (income tax) Shareholders for dividends 3 515 540 2 750 000 380 000 385 540 250 000 271 000 145 000 11 000 115 000 2 850 000 2 300 000 220 000 330 000 800 000 292 000 210 000 8 000 74 000 4 036 540 3 942 000 Information extracted from the Statement of Financial Position for the past two years: 2020 (R) 2019 (R) ASSETS Non-current assets Property, plant and equipment (fixed assets) Current Assets Inventories (all trading stock) Trade & other receivables Cash & cash equivalents 2 596 550 2 596 550 416 000 160 000 40 000 216 000 3 012 550 2 333 000 2 333 000 384 000 275 000 87 000 22 000 2 714 000 2020 (R) 2019 (R) EQUITY AND LIABILITIES Equity Ordinary share capital (issued at R10 each) Share premium Retained Income Non-Current liability (Mortgage loan, 12% p.a) Current liabilities Trade & other payables SARS (income tax) Shareholders for dividends 3 515 540 2 750 000 380 000 385 540 250 000 271 000 145 000 11 000 115 000 2 850 000 2 300 000 220 000 330 000 800 000 292 000 210 000 8 000 74 000 4 036 540 3 942 000Step by Step Solution
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