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Exam (elaborations)

Financial Reporting and Analysis Memo ()

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MANCOSA Financial Reporting and Analysis Memo for the 16th of November 2020

Institution
Financial Reporting And Analysis
Course
Financial Reporting and Analysis

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FINANCIAL REPORTING AND ANALYSIS
NOVEMBER 2020

MEMORANDUM



PREPARED BY: MTHOMBENI
0767297208

, QUESTION 1


DYSAN LIMITED
STATEMENT OF FINANCIAL POSITION AS AT 29 FEBRUARY 2020
ASSETS Workings R
Non-current assets 131500
Property, plant and equipment 1. 120000X15%=18000 131500
(180000+120000-90000-38000-18000- 2. 180000-90000=90000X25%=22500
22500)
Current assets 285570
Inventories (68000+200) 68200
Trade and other receivables 32950
Trade debtors (32000-1400-600) 30000
Provision for bad debts (1500)
Accrued income 1. 500XR60=30000X10%=3000 3000
Prepaid expense 1. 1800/12=150X3=450 450
Deposit for water and electricity 1000
Cash and cash equivalents 184420
Bank (182000-180+600) 182420
Cash float 2000
Total assets 417070


EQUITY AND LIABILITIES
Equity 271279
Ordinary share capital 200000
Retained income (62000+27279- 71279
18000)
Non-current liabilities 68000
Loan (80000-12000) 68000
Current liabilities 77791
Trade and other payables 46100
Creditors control 40000
Accrued expense 1. 80000X6/12X16%=6400-6000=400 6100
(700+400+2000+3000) 2. 30000/12=2500X10=25000
36000/12=3000X2=6000
25000+6000=31000-28000=3000
Shareholder’s for dividends 1. 100000X18 cents 18000

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Institution
Financial Reporting and Analysis
Course
Financial Reporting and Analysis

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Uploaded on
January 8, 2022
Number of pages
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Written in
2020/2021
Type
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  • financial reporting and analysis
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