FINANCIAL ACCOUNTING-2 ACCESS PACKAGE
9th Edition
ISBN: 9781119617297
Author: Kimmel
Publisher: WILEY
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Starplus Limited is well known for its focus on customer satisfaction and this is highlighted in the company profile. Their “About Us” page on their website tells a story of service and growth, all centred around their customers. This, combined with the excellent quality products offered, has contributed to its success in the marketplace. At the end of 2022 the fixed assets (at carrying value) totalled R5 300 000, inventories amounted to R5 200 000, R2 100 000 was owed by trade debtors, cash in the bank amounted to R400 000, the ordinary share capital balance was R4 500 000, the accumulated undistributed profits amounted to R1 700 000, an amount of R5 900 000 was owed to Zap Bank in respect of a long-term loan and R900 000 was owed to the trade creditors. The sales of Starplus Limited for 2022 amounted toR8 000 000.The following projections are forecasts were made for 2023:Machinery with a cost price of R1 000 000 and accumulated depreciation of R1 000 000 is expected to be scrapped at…
Starplus Limited is well known for its focus on customer satisfaction and this is highlighted in the company
profile. Their “About Us” page on their website tells a story of service and growth, all centred around their
customers. This, combined with the excellent quality products offered, has contributed to its success in
the marketplace. At the end of 2022 the fixed assets (at carrying value) totalled R5 300 000, inventories
amounted to R5 200 000, R2 100 000 was owed by trade debtors, cash in the bank amounted to
R400 000, the ordinary share capital balance was R4 500 000, the accumulated undistributed profits
amounted to R1 700 000, an amount of R5 900 000 was owed to Zap Bank in respect of a long-term loan
and R900 000 was owed to the trade creditors. The sales of Starplus Limited for 2022 amounted to
R8 000 000.
The following projections are forecasts were made for 2023:
Machinery with a cost price of R1 000 000 and accumulated depreciation of R1 000 000 is expected to be…
Starplus Limited is well known for its focus on customer satisfaction and this is highlighted in the company profile. Their “About Us” page on their website tells a story of service and growth, all centred around their customers. This, combined with the excellent quality products offered, has contributed to its success in the marketplace. At the end of 2022 the fixed assets (at carrying value) totalled R5 300 000, inventories amounted to R5 200 000, R2 100 000 was owed by trade debtors, cash in the bank amounted to R400 000, the ordinary share capital balance was R4 500 000, the accumulated undistributed profits amounted to R1 700 000, an amount of R5 900 000 was owed to Zap Bank in respect of a long-term loan and R900 000 was owed to the trade creditors. The sales of Starplus Limited for 2022 amounted toR8 000 000.The following projections are forecasts were made for 2023:Machinery with a cost price of R1 000 000 and accumulated depreciation of R1 000 000 is expected to be scrapped at…
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