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QUESTION 3 REQUIRED Use the information provided below to prepare the Statement of Financial Position of Umran Limited as at 3 0 June 2 0

QUESTION 3
REQUIRED
Use the information provided below to prepare the Statement of Financial Position of Umran Limited as at
30 June 2022. The notes to the financial statements are not required.
INFORMATION
The following balances were obtained from the accounting records of Umran Limited after all the
adjustments and closing transfers were completed on 30 June 2022, the end of the financial year.
Additional information
The tax calculated on the pre-tax profit for the year amounted to R180000. Provisional company tax
payments for the year ended 30 June 2022 totalled R156000.
Dividends for the year.
2.1 Interim dividend paid on 31 December 2021: 40 cents per share.
2.2. Final dividend declared on 30 June 2022: 74 cents per share.
The provision for bad debts balance on 30 June 2021 was R5000. The provision for bad debts is
calculated at 5% of book debts.
Payments lotalling R76000 to Lendor Bank, including R36000 for interest, will be made during the
next financial year:
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