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FAC2601 Assignment 2 Second Semester 2022 Solutions
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This is a written assignment for second semester 2022. All calculations and explanations are shown in this document
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By: nhlawulochauke • 2 year ago
By: richshoko • 2 year ago
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FAC2601ASSIGNMENT 2
SOLUTIONS
PREPARED BY: MTHOMBENI
0767297208
, Sankofa Ltd
Statement of Financial position as at 30June 2020
ASSETS
Non-current assets 4 532 985
Property, plant, and equipment 3 398 985
Investment in subsidiary 100 000
Financial assets (84 000 + 950 000) 1 034 000
Current assets 627 600
Inventory (126100+90300+78 200) 294 600
Trade and other receivables 220 000
Financial assets 90 000
Cash and cash equivalents 23 000
Total assets 5 160 585
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