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Financial Information

   

Added on  2023-01-05

6 Pages656 Words43 Views
Political Science
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FINANCIAL INFORMATION
Financial Information_1

TABLE OF CONTENTS
QUESTION 1...................................................................................................................................1
a) Income Statement and statement of Financial position for the year ending 31st December
2019. ............................................................................................................................................1
b) Why statement of financial position balances.........................................................................2
REFERENCES................................................................................................................................4
Financial Information_2

QUESTION 1
a) Income Statement and statement of Financial position for the year ending 31st December 2019.
Income Statement
Particulars Amount
Sales 827630
Cost of Sales 578650
Administrative Expenses 30000
Distribution Cost 28000
Salesmen Commission 3000
Interest Paid 2000
Director's Remuneration 5000
Preference Dividend 30000
Ordinary Dividend 20000
Profit before tax 130980
Corporate tax 68000
Profit after tax 62980
Statement of Financial Position
ASSETS
Non Current Assets
Plant & Equipment 632730
Current Assets
Stock 330600
Debtors 171105
Cash & Bank 12900
514605
TOTAL 1147335
EQUITY & LIABILITIES
1
Financial Information_3

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