Question

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 - Warehouse staff Wages and salaries Maintenance of motor vehicles - Distribution Advertising and promotion Discount allowed on sales RM'000 12,000 50,300 85,800 200,000 2,300 1,600 1,200 860 5,400 2,580 3,760 12,000 1,620 1,432 2,600 4,200 19,000 12,000 56,000 1,740 3,680 2,040 3,220 1,820 Additional information: Inventory at 31 December 2019 was RM13,500. ii. Wages and Salary were to be apportioned as: Distribution , Administration %. Depreciation policy of Plus is: Motor Vehicles at rate of 20% on cost per annum Plant and Machinery (which was used for production) at rate of 10% on cost per annum iv. Accrued Auditors' Fees amounted to RM3,300.