QUESTION 2
1. Classify the items under assets, liabilities, or owners' equity and draft the statement of financial position for Gocolate Ltd at 28 February 2019: (10)
Assets:
- Machine: R100,000
- Motor Vehicle: R50,000
- Debtors control: R20,000
- Inventories: R70,000
- Equipment: R30,000
- Fixed deposit: R30,000
- Stationery on hand: R5,000
Liabilities:
- Creditors control: R70,000
- Bank overdraft: R50,000
- Mortgage loan: Not provided
Owners' Equity:
- Not provided
2. M
Q Search
DELL