Far210 - Feb2021 Ss q5 Working

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taxation

Bank 910000 Bal bd 450,000


Bal cd 290,000 Sopl 750,000

Motor vehicle

Bal bd 840,000 Depr 190,000


Bank 345,000 Bal cd 995,000

Plant & equipment

Bal bd 6,950,500 Depr 1,250,000


Bank 250,000 Disposal 345,000
Bal cd 5,605,500

Dividend payable

Bank 4,237,700 Bal bd 3,456,750


Bal cd 69,050 Sopl 850,000

Cash received from customer

Bal bd 215,000 Bank 11,425,250


Sales 11,625,250 Bal cd 415,000

Inventory

Bal bd 325,000 Cogs 6,520,500


Purchases 6745500 Bal cd 550,000

Trade payable

Bank 6637500 Bal bd 452,000


Bal cd 560,000 Purchases 6745500

Cash paid for other expenses

1,575,000 -1,250,000 – 190,000 = 135000

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