Condensed Balance Sheet of a Manufacturing Company Assignment

Assignment 2 25 Marks The condensed balance sheet of a manufacturing company on 31 December 2018 was as follow BALANCE SHEET AS AT 31 DECEMBER 2013 NS NS ASSETS Nos current Land and buildings 200 000 Machinery 60 000 Future 12 000 Current Assets avy-Man A – Material B -Completed poods Debes 5000 2000 6000 1 Total assets

EQUITY AND LIABILITIES Equity Share capital 320 000 26000 Current liabilities Credits 6000 20000 Provision for taxation Total Equity and Liabilities 372.000 The following details are planned for 2019 Only a single product is manufactured and its composition according to standard is as follows: PE N S 2 SO Material A Mana Labor Overheads 4kg 2 hours NSO SO NS3.00 NSI SO m NS 20.00 each NS Estimated sales 11 000 Desired cong sock: – Material A Material 3000 Completed goods Selling 10000 Provision for depreciation is to be called as follows Machines NE 5% cost Vehicles BONGO Company taxation The credit period granted by the suppliers and the delay in payment of debtors can be taken as Marks Required to Prepare the following: Budget IL Sales budget 12 Photos) 1.3 Purchase hudget 1.4 Labour budget 1.5 Overhead budget. .

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