Question: One From the following information, prepare a statement accounting for the economic dimension of SNK Petit Limiteds sustainability activities. SNK Petit Limited Balance Sheets Summary

One From the following information, prepare a statement accounting for the economic dimension of SNK Petit Limiteds sustainability activities. SNK Petit Limited Balance Sheets Summary as at 30 June 2021 and 2020 2021 2020 GH GH Cash 55,200 73,800 Debtors 94,000 98,000 Inventory 107,300 112,400 Plant and Equipment 149,000 102,300 Accumulated Depreciation (P&E) (46,000) (48,000) 359,500 338,500 Trade Payable 41,000 56,000 Accrued Salaries 28,200 5,500 Income tax Payable 18,000 15,000 Bank Loan 90,000 115,000 Paid Up Capital 100,000 80,000 Retained Earnings 82,300 67,000 359,500 338,500 Summary Income Statement 2021 Sales 384,000 Less COGS 198,000 Gross Profit on Sales 186,000 Other income 9,000 Gross Profit 195,000 Less expense: Depreciation 11,000 Interest 9,200 Wages and salaries 119,000 139,200 Profit before tax 55,800 Income Tax Expense 18,000 Profit after tax 37,800 Question Two

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!