to prepare statement of profit or loss
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Construct a skeletal profit-and-loss statement. Calculate profit or loss. Cross out the incorrect work (profit/loss). Gross Margin $119,760 Expenses 41.20% Profit 2.60%
Prepare, the following financial statements for ABC LimitedStatement of profit or loss and other comprehensive income for the year ended 31 octoberStatement of financial position as aat 31 October 2022
Prepare Trading , Profit And loss and Balance Sheet
a)Account receivable accounts b) Allowance for debt account c) Statement profit or loss(extract) b)Statement of financial position (d) Statement of financial position (exll du retailers for the year ending 7. JJ Bhd., a wholesaler, supplied goods to the following red 31 August 20X3 Goods Supplied Retailers Bestari Enterprise Rosli Trading Poji Enterprise RM60,000 RM50,000 RM20,000 Receipts from retailers for the year ended 31 August 20X3 were as follows: Bestari Enterprise Rosli Trading RM40,000 less 5% discount RM40,000 less 3% discount...
1)The profit & loss account of Sandy Corporation shows a net profit of $14,000. Bad debts of $500 should have been written off & a decrease of $200 in provision for doubtful debts should have been allowed. What is the profit after this adjustment?
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...
1) Prepare the statement profit or loss for the year ended 31 December 2018 2)Prepare the financial position as that date. The following is the trial balance of DRS Trading as at 31 al balance of DRS Trading as at 31 December 2018. Credit (RM) 16,500 34,000 246,290 DRS Trading Trial Balance as at 31 December 2018 Particulars Debit (RM) Cash at bank 18,750 Account Receivable 12,840 Inventory as at 1 January 2018 26,500 Motor vehicles 45,000 Freehold premises 215,000...
The Statement of Profit or Loss and additional data of Supermommy Bhd. for the year ended 31 December 2017 is as follows: Statement of Profit or Loss for the Year Ended 31 December 2017 Sales Revenue Cost of Goods Sold Gross Profit Dividend Revenue Gain on Disposal of Non-current Assets Salaries Expense Depreciation Expense Bad Debt Expense Advertising Expense Interest Expense Income Tax Expense PROFIT FOR THE YEAR RM450,000 (150,000) 300,000 10,500 6,000 (80,000) (30,000) (3,000) (13,000) (1,500) (19,500) 169,500...
A)Accounts receivable accounts B) Allowance for doubtful debts account. C) Statement of profit or loss (extract). D) Statement of financial position(extract). Accounting for Accounts Receivable 15 & Suria commenced business on 1 January 20X0. At year end, 31 December 20X0, the accounts receivable balance was RM10,000. In addition, she found that it was necessary to create an allowance for doubtful debts of RM960. ro During the year ended 31 December 20X1, an amount totalling RM840 proved to be bad and...
In principle, all income and expenses are included in the statement of profit or loss. A. True B. False