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use the information given by Master Ltd to prepare the statement of financial position as...

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Accounting

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use the information given by Master Ltd to prepare the statement of financial position as at 28 February 2018.

SHOW ALL WORKINGS. Show your workings in bracket to indicate how you have computed the final amount.

cale huw you have computed the inal amount INFORMATION POST ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2017 Ordinary Share Capital (730 000 shares) 1 825 000 Retained Income 86 000 369 600 2 845 000 712 690 Mortgage Loan : F.Bank Property, plant and Equipment Accumulated Depreciation : PPE Fixed Deposit : J.Bank Trading Inventories Consumables on hand Debtors Control Provision for bad debts SARS : Income Tax (Provisional tax paid) Accrued Income Prepaid Expenses Deferred Income Accrued Expenses Creditors Control 203 000 118 000 4 000 66 000 1 450 175 000 1 500 500 1 800 1 500 91 000 61 340 3 200 219 600 Bank (DR) Cash Float Shareholders for Dividends ADDITIONAL INFORMATION: A fixed deposit of R98 000 matures on 30 June 2017 The balance matures on 31 October 2019. . Loan will be reduced by R52 800 in the next financial year. Income tax for the year was calculated as R168 000

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