Sumenative Activity $3$r Practical Activity $-$ Financial statements developmena an the zepricate unit standard

Anarsment rosk $1$

In Rermis of Summative Astessment A tivity $2$ develop an income and Balance Statemest.

Income out of direct sales $-$ ka$00000\mathrm{.}00$

income out of after sale, customer services $-$ R$15000000$

The income and Balance sheet should reflect the actual results as recorded in Summative Assersment Activity $2.$ Owner's Lquity $-$ R$250000\mathrm{.}00$

Assessmeet Environment:

Computer based income and Balance Sheet.

Income and Balance Sheet should have the necessary notes and disciosures.

Your ossessments shouid include the following:

Einonciol Statements $-$ income and Bolonce Stotement

Prepare financlal statements and interpret correctly. $($US$12996,$ $$04-$ SO$3$ within the cortent of the activity$)$

Income and Balance Statement Notes and Disclosures should reflect a sound understanding of interpreting financial

Evidence required:

income Statement

Balance Statement

A document with appropriate notes and disclosures.

Evidence should be fecorded as per set requirements, appropriate within context of the learning program iearning material.

Evidence can be uploaded on a CD or can print out and attached to the Summative Assessment Guide.

Should you have any difficulties understanding this assessment activity please feel free to request more information, instruction and support from the college.