Question: Please help with an answer to Question 3 Statement of financial position Please a correct answer Thanks Please assist with info given The following information

Please help with an answer to Question 3 Statement of financial

Please help with an answer to Question 3 Statement of financial position

Please a correct answer Thanks

Please assist with info given

The following information was extracted from the book of XY Ltd for the year 30 September 2016. Additional information: 1) An annual stock count at 30 September showed that the business had stock worth R15 150. 2) Write off a further R3 500 as bad debts. 3) Adjust the provision of bad debts to R23 500. 4) Profit for the year was R84 193. 5) Income tax was provided for as R52 576. It is a business for tax to be paid on the 1st of October each year. 6) Dividends declared were R5 000. Required: Prepare a Statement of Financial Position as at 30 September 2016. NB: Notes are not required. The statement must be prepared in accordance with GAAP or IFRS

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