Answer to Question #129688 in Accounting for Nhlanhla

Question

Presented below is the are the financial statement of Sizani limited:
Statement of comprehensive income for the year ended 28 Feb 2019
. revenue from sales R1 040 900
.cost of sales (R656 300)
.gross profit R384 600
.operating expenses (R193 200)
.Finance cost (R37 600)
.Profit before tax R153 800
.Income tax expense (R34 200)
.Profit for the period R119 600
.Other comprehensive income -
.Total comprehensive income R119 600

Required:
1.1 Statement of financial position for ABC 28 Feb 2019
1.2 notes to the statement of financial position, specifically the property,plant and equipment note

Answer 1

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