Page 156 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

Sauda
Statement of financial position for the year ending 30 September 2020
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TZS TZS
ASSETS:
Non-current assets:
FOR ONLINE READING ONLY
Premises 61,640,000
Fixtures and fittings 1,273,000
Motor vehicle 8,978,000 71,891,000

Current assets:

Inventory 30,002,600
Accounts receivable 28,515,200
Bank 3,421,020 61,938,820
Total assets 133,829,820

CAPITAL & LIABILITIES:

Capital 46,124,810
Add: Profit for the year 81,273,010
127,397,820
Less: Drawings (14,740,000) 112,657,820

LIABILITIES:
Current liabilities:

Accounts payable 21,172,000
Total capital and liabilities 133,829,820

148
Student’s Book Form One

Book Keeping Form 1 New 2024 FINAL.indd 148 18/10/2024 10:14