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  • Geme 323 Assignm 2

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    Gobe Jam
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    1. The document appears to be a student assignment containing balance sheets for Bayka Ball-Pen Refill Making for the years 2022, 2023, and 2024. 2. It includes details of assets like land, buildings, fixtures, fittings, machinery, inventory and cash as well as liabilities such as accounts payable. 3. The balance sheets show transactions of purchases, sales, and changes in asset and liability amounts over the three years.

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    1. The document appears to be a student assignment containing balance sheets for Bayka Ball-Pen Refill Making for the years 2022, 2023, and 2024. 2. It includes details of assets like land, buildings, fixtures, fittings, machinery, inventory and cash as well as liabilities such as accounts payable. 3. The balance sheets show transactions of purchases, sales, and changes in asset and liability amounts over the three years.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views5 pages

    Geme 323 Assignm 2

    Uploaded by

    Gobe Jam
    1. The document appears to be a student assignment containing balance sheets for Bayka Ball-Pen Refill Making for the years 2022, 2023, and 2024. 2. It includes details of assets like land, buildings, fixtures, fittings, machinery, inventory and cash as well as liabilities such as accounts payable. 3. The balance sheets show transactions of purchases, sales, and changes in asset and liability amounts over the three years.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    1|Page

    DEPARTMENT OF CHEMICAL AND FORENSIC SCIENCES


    GEME 323 ASSIGMENT 2

    STUDENT NAMES STUDENT ID


    KEALEBOGA PHIRI 18000352
    KABO LUPE 18000327

    PROGRAMME: PURE AND APPLIED CHEMISTRY


    2|Page

    Paid insurance by cheque 20 000

    Paid repairs and maintenance 26000 cash

    Serviced the machinery and paid in cash

    Bought Stationery 2000 cheque

    Paid 5 000 loan interest by cheque

    Biust paid by P20 000 cheque

    Mabogo paid P5000 cheque

    Paid annual Tax by bank 12 000

    Paid fixtures and fittings 20 000 cheque

    Paid rent 15 000 cash for the whole 3 years

    Sold 13 pages in the first 6


    3|Page

    BALANCE SHEET
    BAYKA BALL-PEN REFILL MAKING

    LAND AND BUILDING ACCOUNT


    2022 2023 2024

    DR CR DR CR
    Date Detail (P) Date Detail (P) Date (P) Date (P) Date (P) Date (P)

    14 Feb Bank 22000 14 Feb Balance 22000 - - - - - - - -


    C/D

    Total 22 Total 22 - - - - - - - -
    000 000

    14 Feb Balance 22 - - - - - - - -
    B/D 000

    FIXTURES AND FITTINGS ACCOUNT

    2022 2023 2024

    DR CR DR CR
    Date Detail (P) Date Detail (P) Date (P) Date (P) Date (P) Date (P)

    14 Feb Bank 22000 14 Feb Balance 22000 - - - - - - - -


    C/D

    Total 22 Total 22 - - - - - - - -
    000 000

    14 Feb Balance 22 - - - - - - - -
    B/D 000
    4|Page

    2022 2023 2024

    DR CR DR CR
    Date Detail (P) Date Detail (P) Date (P) Date (P) Date (P) Date (P)

    04/05/20 Bank 20 31/05/20 Balance 20


    000 C/D 000

    Total 20 Total 20
    000 000

    01/06/20 Balance 20
    B/D 000

    BALANCE SHEET
    BAYKA BALL-PEN REFILL MAKING
    2022 2023 2024
    DETAILS Date (P) (P) Date (P) (P) Date (P) (P) (P)
    Non-
    current
    assets
    Land and 2 Jan 22000
    building
    Fixtures 14 30000
    and Feb
    fittings 12
    Ball pen 120000
    18 Jan 130000
    refill
    Apr
    Machinery 23 3000
    Motor 1 Jan 0
    vehicle 45000 217000 30000 130000
    may
    Current Feb
    assets 2 18 10000
    Inventory 6 Jun 19000 Feb 25000 17 500
    5|Page

    Account 21 15 24000 23 15000


    receivable JUN mar Mar

    Bank 23 2 300 2 31000 08 86000


    Jun April April
    Cash 24 2000 8 1600 12 18000
    Jun May May
    Total
    assets 23300 81600 51600

    Current
    liabilities
    Accounts 1 Jan 20000 20 45000 25 29000
    payable 20000 Jun June
    45000 29000
    Non- 8 July 36000 5 13000 - -
    current July
    liabilities 36000 13000
    Total
    liabilities
    Net assets
    Capital
    Cash
    introduced
    Net profit
    for the
    year

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