BBM205
Below is the information extracted from the book of ABC Sdn Bhd:
Accounts Amount (RM)
Land 500,000
Building 200,000
Motor vehicles 120,000
Plant and machinery 70,000
Retained profit as at 01.01.2019 312,150
8% debenture 150,000
Ordinary share 200,000
Accumulated depreciation as at 31.12.2019:
Building 60,000
Motor vehicles 69,250
Plant & machinery 40,000
Sales returns 3,600
Purchase returns 4,100
Sales 700,000
Purchases 400,000
Sales discounts 5,000
Purchase discounts 3,500
Opening inventory 52,000
7% Preference shares 50,000
Provision for bad debts 2,000
Trade receivables 26,700
Trade payable 43,200
Administrative expenses 18,000
Staff training cost 4,000
Bad debts 12,500
Motor expenses 27,000
Rental 90,000
Bank overdraft 15,400
Wages and salaries 115,000
Debenture interest 6,000
Suspense account 200
Required:
Prepare the trial balance as at 31 December 2019.
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Using the trial balance prepared and Statement of Comprehensive Income prepared below, prepare the Statement of...
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Please note that Question a is ''by adopting the function of expense or “cost of sales”...
Please note that Question a is ''by adopting the
function of expense or “cost of sales” method in accordance with
MFRS 101 Presentation of Financial Statements'' :
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Dear Expert, If possible, please do in Excel format. Thanks a lot Question 4 Below was...
Dear Expert, If possible, please do in Excel format. Thanks a
lot
Question 4 Below was extract from the books of Piko Sdn Bhd for the year ended 31 December 2019. RM 158,000 Retained profit 31 December 2018 Inventory 1 January 2019 Purchases 39,000 550,000 1,292,000 Sales Share capital 120,000 116,000 241,000 23,500 400,000 Distribution expenses Administration expenses Bad debts 6% bonds (redeemable in Year 2021) Trade receivables Trade payables Allowance for doubtful debts Interest paid on bonds Bank 200,000...
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...
285 Nazira, who runs Spring Collection, had the following balances extracted from the books of the...
285 Nazira, who runs Spring Collection, had the following balances extracted from the books of the business on 31 December 2016 Debit (RM) Credit (RM) Capital 76,430 8,500 Drawings Trade receivables and payables Sales Return inwards 16,000 20,000 82,500 1,000 Purchases 62,600 600 Return outwards Wages and salaries 12,400 200 400 1.600 4,000 7,000 1,600 1,000 300 160 50,000 4,000 Discounts Accumulated provision for depreciation - Fixtures and fittings Accumulated provision for depreciation - Motor vehicles Cash at bank Cash...
1)
2)
3)
4)
5)
3 BBM205/03 Answer ALL questions below. Question 1 Below was the transactions worksheet of Selna Enterprise on April 1, 2020. + ASSETS Cash + + Account Receivables 3,600 Prepaid expenses 1,000 Supplies on hand 350 EQUITY Share capital 7,350 Retained earnings LIABILITY Account payable 4,400 2,000 The following transactions occurred during April: April 1 Collected RM2,000 cash in satisfaction of an amount owed by a customer. April 3 Billed RM3,000 to customers for chairs rented...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000 450,000 186,000 6,105,800 3,160,400 280,100 135,000 Buildings - Cost Machinery - Cost Motor Vehicles - Cost Accumulated Depreciation as ar 31 December 2012: Buildings Machinery Motor Vehicles Revenue Purchases Inventory as at 1 January 2013 Purchases returns Sales returns Manufacturing wages Administration costs Administration wages Auditors fee Directors fees Motor Expenses Bad Debts Allowance for bad debts Finance cost Ordinary Share Capital El each...
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 at cost - Distribution Administration Plant and machinery at cost Wages -...
Please note that Question a is ''by adopting the
function of expense or “cost of sales” method in accordance with
MFRS 101 Presentation of Financial Statements'' :
Question 4 Below was extract from the books of Piko Sdn Bhd for the year ended 31 December 2019. RM 158,000 Retained profit 31 December 2018 Inventory 1 January 2019 Purchases 39,000 550,000 1,292,000 Sales Share capital 120,000 116,000 241,000 23,500 400,000 Distribution expenses Administration expenses Bad debts 6% bonds (redeemable in Year...
Question 4 Below was extract from the books of Piko Sdn Bhd for the year ended 31 December 2019. RM Retained profit 31 December 2018 158,000 Inventory 1 January 2019 39,000 Purchases 550,000 Sales 1,292,000 Share capital 120,000 Distribution expenses 116,000 241,000 23,500 400,000 Administration expenses Bad debts 6% bonds (redeemable in Year 2021) Trade receivables Trade payables Allowance for doubtful debts Interest paid on bonds 200,000 73,500 6,000 12,000 Bank 58,000 105,000 Dividends paid Plant and machinery at cost...
Dear Expert, If possible, please do in Excel format. Thanks a
lot
Question 4 Below was extract from the books of Piko Sdn Bhd for the year ended 31 December 2019. RM 158,000 Retained profit 31 December 2018 Inventory 1 January 2019 Purchases 39,000 550,000 1,292,000 Sales Share capital 120,000 116,000 241,000 23,500 400,000 Distribution expenses Administration expenses Bad debts 6% bonds (redeemable in Year 2021) Trade receivables Trade payables Allowance for doubtful debts Interest paid on bonds Bank 200,000...
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...
285 Nazira, who runs Spring Collection, had the following balances extracted from the books of the business on 31 December 2016 Debit (RM) Credit (RM) Capital 76,430 8,500 Drawings Trade receivables and payables Sales Return inwards 16,000 20,000 82,500 1,000 Purchases 62,600 600 Return outwards Wages and salaries 12,400 200 400 1.600 4,000 7,000 1,600 1,000 300 160 50,000 4,000 Discounts Accumulated provision for depreciation - Fixtures and fittings Accumulated provision for depreciation - Motor vehicles Cash at bank Cash...
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