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FAC2601 Assignment 2 Second Semester 2022 Solutions

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FAC2601 - Financial Accounting And Reporting (FAC2601)
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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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FAC2601
ASSIGNMENT 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




1

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August 23, 2022
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Mthombeni
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