Work to do

The Treasurer of the Association of the School of Built Environment Kyambogo University
canteen project presented the following information to the members in a brief meeting:

Year & Date Details UGX

15/Dec/2020 Net Sales 240,000,000

Cost of goods & services 180,000,000

Operational costs 25,000,000

Buildings 82,000,000

Furniture 50,000,000

5 year loan 72,000,000

Bank overdraft 40,000,000

Creditor 34,000,000

Stock 47,000,000

Bank 25,000,000

Debtors 38,000,000

Cash 18,000,000

Capital 89,000,000

Drawings 10,000,000

Members proposed for preparation of;

1) Income Statement for the period ended 31 Dec, 2020

2) The Balance Sheet for the period ended Dec 2020