This is BBM206/05 Business Accounting II subject
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This is BBM206/05 Business Accounting
II subject
Question 2 Kopi Sdn Bhd's statement of profit or...
This is BBM206/05 Business Accounting II subject Question 1 a. Both current ratio and quick ratio...
This is BBM206/05 Business Accounting
II subject
Question 1 a. Both current ratio and quick ratio are designed to estimate the ability of a business to pay for its current liabilities. Explain the difference between these two measurements, by giving examples. [6 marks] b. Below is the Statement of Profit or Loss for the Year Ended 31 December 2018 for Kopi Sdn Bhd. (300) STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2018 RM'000 Revenue 720 Cost...
Mawar Sdn. Bhd. presented the following balances in the company's statement of financial position for 2017...
Mawar Sdn. Bhd. presented the following balances in the company's statement of financial position for 2017 and 2016. December 31, 2017 December 31, 2016 RM RM Equipment 105,450 76,500 Accumulated depreciation-equipment (48.300) (30,600) Inventory 175.350 139,875 Accounts receivable 19,425 23.250 Cash 53.925 31,800 Ordinary share capital, no par value 207,000 165,000 Retained earnings 55,875 33,450 Accounts payable 38,475 35,625 Tax payable 4,500 6,750 Mawar Sdn. Bhd, presented the following statement of profit or loss for the year ended December 31,...
QUESTION 3 (25 MARKS) Sejengkal Berhad is a publicly listed company. The following are the Statement...
QUESTION 3 (25 MARKS) Sejengkal Berhad is a publicly listed company. The following are the Statement of Profit or Loss and the Statement of Financial Position for the company: Statement of Profit or Loss for the year ended 31 December 2018 RM'000 25,500 (14,800 10,700 Revenue Cost of sales Gross profit 2017 RM'000 17,250 (10,350) 6,900 Distribution costs Administrative expenses Finance costs Profit before tax Income tax expense Profit for the year (2,700) (2,100) (650) 5,250 (2,250) 3.000 (1,850) (1,450)...
Wonderpapa Bhd Statement of Profit or Loss for the year ended 31 December 2016 RM RM...
Wonderpapa Bhd Statement of Profit or Loss for the year ended 31 December 2016 RM RM 7,000,000 (4.000.000 3,000,000 Turnover Cost of goods sold Gross Profit Less: Expenses Operating expenses Depreciation expenses Loss on sale of machinery Profit before taxation Taxation Net Profit after taxation 800,000 880,000 30,000 (1.710,000) 1,290,000 (300.000) 990,000 The following balances are reported on Wonderpapa Bhd's comparative Statement of Financial Position as at 31 December 2016 RM 2015 RM Non-current Assets Machinery Accumulated Depreciation 3,020,000 (1,647,000)...
(25 MARKS) QUESTION 3 Sime Garby Berhad is a publicly listed company. The following is the...
(25 MARKS) QUESTION 3 Sime Garby Berhad is a publicly listed company. The following is the Statement of Profit and Loss and the Statements of Financial Position for the company for the year 2017: Statement of Profit or Loss for the year ended 31 December 2017 2017 2016 RM000 BM'000 25.500 17.250 Revenue Cost of sales (14,800) (10.350) Gross profit 10,700 6.900 Distribution costs (2,700) (1.850) Administrative expenses (2,100) (1.450) Finance costs (650) (100) Profit before tax 5,250 3,500 Income...
Question 1 The comparative data from the statement of financial position of Azam Berhad at 31...
Question 1 The comparative data from the statement of financial position of Azam Berhad at 31 December, 2016 and 2017 are as follows. Comparative data on current assets and current liabilities at 31 December 2017 I 2017 2016 I RM RM Current Assets Inventories 454.500 ||490.200 Accounts receivable I 174.100 1190.750 Prepaid expenses 17.100 119.200 Cash and cash equivalents T136.500 17.550 Current Liabilities Accounts payable Short-term bank loan 11117,450 ||123.450 117.250 III.250 Statement of profit or loss for the year...
Question 2 Two companies Samsong Sdn Bhd and Huaway Sdn Bhd trade in the same market....
Question 2 Two companies Samsong Sdn Bhd and Huaway Sdn Bhd trade in the same market. Their financial statements for the year ended 30 September 2019 are summarised below: Statements of Comprehensive Income for the year ended 30 September 2019: Samsong Huaway RM'000 RM'000 Revenue 284 405 (155) (251) 129 154 Cost of sales Gross profit Administrative Distribution Depreciation Interest on loan (24) (35) (37) (53) (12) (9) Nil (5) Profit before tax 61 47 Income tax expense (10) (4)...
This is BBM206/05 Business Accounting II subject Need 1 full-page answer, please Question 4 The following...
This is BBM206/05 Business Accounting
II subject
Need 1 full-page answer, please
Question 4 The following balances were extracted from the books of Sawadee Sdn Bhd for the year ended 31 December 2019. Retained profit 31 December 2018 Inventory 1 January 2019 Purchases Sales Return inwards Return outwards Carriage inwards Discount received for purchases Directors' remuneration Distribution expenses Administrative expenses Rental income (Commercial shop lot) Debenture interest Interest received on fixed deposit Commission receivable Interim ordinary shares dividends Motor vehicles...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
The following is the Statement of Profit or Loss and the Statements of Financial Position for...
The following is the Statement of Profit or Loss and the Statements of Financial Position for Nachos Bhd (NB) for the year 2019: Nachos Bhd Statement of Profit or Loss For the year ended 30 September 2019 RM RM Sales 220,000 Cost of sales (98,000) Gross profits 122,000 Selling and distribution costs 25,000 Administrative costs 15,000 Depreciation 2,000 Profit on sale of plant (2,000) (40,000) 82,000 Interest expense (6,000) Investment income 1,000 Gain on sale of investment 2,000 Profit before...
This is BBM206/05 Business Accounting
II subject
Question 1 a. Both current ratio and quick ratio are designed to estimate the ability of a business to pay for its current liabilities. Explain the difference between these two measurements, by giving examples. [6 marks] b. Below is the Statement of Profit or Loss for the Year Ended 31 December 2018 for Kopi Sdn Bhd. (300) STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2018 RM'000 Revenue 720 Cost...
Mawar Sdn. Bhd. presented the following balances in the company's statement of financial position for 2017 and 2016. December 31, 2017 December 31, 2016 RM RM Equipment 105,450 76,500 Accumulated depreciation-equipment (48.300) (30,600) Inventory 175.350 139,875 Accounts receivable 19,425 23.250 Cash 53.925 31,800 Ordinary share capital, no par value 207,000 165,000 Retained earnings 55,875 33,450 Accounts payable 38,475 35,625 Tax payable 4,500 6,750 Mawar Sdn. Bhd, presented the following statement of profit or loss for the year ended December 31,...
QUESTION 3 (25 MARKS) Sejengkal Berhad is a publicly listed company. The following are the Statement of Profit or Loss and the Statement of Financial Position for the company: Statement of Profit or Loss for the year ended 31 December 2018 RM'000 25,500 (14,800 10,700 Revenue Cost of sales Gross profit 2017 RM'000 17,250 (10,350) 6,900 Distribution costs Administrative expenses Finance costs Profit before tax Income tax expense Profit for the year (2,700) (2,100) (650) 5,250 (2,250) 3.000 (1,850) (1,450)...
Wonderpapa Bhd Statement of Profit or Loss for the year ended 31 December 2016 RM RM 7,000,000 (4.000.000 3,000,000 Turnover Cost of goods sold Gross Profit Less: Expenses Operating expenses Depreciation expenses Loss on sale of machinery Profit before taxation Taxation Net Profit after taxation 800,000 880,000 30,000 (1.710,000) 1,290,000 (300.000) 990,000 The following balances are reported on Wonderpapa Bhd's comparative Statement of Financial Position as at 31 December 2016 RM 2015 RM Non-current Assets Machinery Accumulated Depreciation 3,020,000 (1,647,000)...
(25 MARKS) QUESTION 3 Sime Garby Berhad is a publicly listed company. The following is the Statement of Profit and Loss and the Statements of Financial Position for the company for the year 2017: Statement of Profit or Loss for the year ended 31 December 2017 2017 2016 RM000 BM'000 25.500 17.250 Revenue Cost of sales (14,800) (10.350) Gross profit 10,700 6.900 Distribution costs (2,700) (1.850) Administrative expenses (2,100) (1.450) Finance costs (650) (100) Profit before tax 5,250 3,500 Income...
Question 1 The comparative data from the statement of financial position of Azam Berhad at 31 December, 2016 and 2017 are as follows. Comparative data on current assets and current liabilities at 31 December 2017 I 2017 2016 I RM RM Current Assets Inventories 454.500 ||490.200 Accounts receivable I 174.100 1190.750 Prepaid expenses 17.100 119.200 Cash and cash equivalents T136.500 17.550 Current Liabilities Accounts payable Short-term bank loan 11117,450 ||123.450 117.250 III.250 Statement of profit or loss for the year...
Question 2 Two companies Samsong Sdn Bhd and Huaway Sdn Bhd trade in the same market. Their financial statements for the year ended 30 September 2019 are summarised below: Statements of Comprehensive Income for the year ended 30 September 2019: Samsong Huaway RM'000 RM'000 Revenue 284 405 (155) (251) 129 154 Cost of sales Gross profit Administrative Distribution Depreciation Interest on loan (24) (35) (37) (53) (12) (9) Nil (5) Profit before tax 61 47 Income tax expense (10) (4)...
This is BBM206/05 Business Accounting
II subject
Need 1 full-page answer, please
Question 4 The following balances were extracted from the books of Sawadee Sdn Bhd for the year ended 31 December 2019. Retained profit 31 December 2018 Inventory 1 January 2019 Purchases Sales Return inwards Return outwards Carriage inwards Discount received for purchases Directors' remuneration Distribution expenses Administrative expenses Rental income (Commercial shop lot) Debenture interest Interest received on fixed deposit Commission receivable Interim ordinary shares dividends Motor vehicles...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
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