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Please answer it and i don't want any mistakes 2. Following information is available for the year 2020 of ABC SAOG. You are required to
Please answer it and i don't want any mistakes
2. Following information is available for the year 2020 of ABC SAOG. You are required to prepare Statement of comprehensive income and Statement of financial position. 728,526 Share premium Legal reserve 1,134,166 Revaluation reserve 14,644,500 Trade and other payables 10,020,506 Taxation payable 238,108 Directors' remuneration 54,000 Taxation expenses 384,036 Property, plant and equipment 20,226,258 Revenue 43,627,562 Cost of sales 30,950,720 452,636 Finance costs Administrative and general expenses Other operating income 2,072,896 74,020 6,705,426 Inventories Trade and other receivables Assets held-for-sale 10,348,144 11,571,592 1,291,814 Cash and bank balances Retained earnings (opening) Long term loans 6,131,332 7,080,676 Share capital 3,402,500 8,092,802 Selling and distribution expenses Current portion of long term loans Short term borrowings 1,496,136 3,572,292Step by Step Solution
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