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2 Clearwater Enterprise is a merchan Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. Debit (RM) Credit (RM) Profic or Los 30,000 Income searr) 110,000 Balon shar 250,000 120.000 24,000 40,000 22,500 Machinery Accumulated depreciation - machinery Land LandD2TONE Building dsb rob tol no zivot 20 Accumulated depreciation - building Loan from Ah Ling (10 years) Bank overdraft Accounts receivable Inventories Sdn Accounts...
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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...
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10 Perniagaan Cremeria is a merchandising company which has business operations in Sungai Long. The following balances have been extracted from the books as at 31 December 2016: Debit (RM) 40,000 Credit (RM) adsbon 4,000 banovo 250,000 100,000 gubbar Fixtures Accumulated depreciation - Fixtures Land Building Accumulated depreciation - Building Long-term loan from Bank Karishi Bank Accounts receivable Inventories as at 1 January 2016 Accounts payable 20,000 50,000 30,000 71,500 52,000 18,000 Accounts With Adjustments 287 Debit (RM) Credit (RM)...
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Required: loss for 2016 and a statement of financial position as at 31 45.9A The following is the trial balance of Tully Ltd as as on 31 December 2017: Share capital issued: ordinary shares 20p Accounts receivable and accounts payable Inventory 31 December 2016 Bank Premises at cost Machinery at cost Dr ns for depreciat 81,300 17,900 265,000 109,100 34,700 bors' remuneratic Motor vehicles at cost Depreciation provisions at 31.12.2016: Inventory £317 Business rates Dividend of 1 Transfers to r...
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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)...
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Question 1 Ina, Meena and Deeka have been in Partnership as manufactures for many years. Interest on drawings is 10%p.a. Interest on capital is 20% p.a. for the first six months and 25% p.a. for the remaining six months of 2019. Ina receives a salary of $4000 per quarter and Deeka receives a monthly salary of RM 2,200. Profit is shared at 40% for Ina, 30% for Meena and 30% for Deeka. The following balances were produced for the year...
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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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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...
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a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - Purchases . Sales ... Returns inwards Returns outwards Insurance Wages and salaries --- Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
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Exercise 3.18 Please! Thank
you
(v) Sales revenl Prepare a cash flows statement for the year ended 31 December 2016 using the Required indirect method. ST3.18 The trial balance for Salsabil Enterprise for the year ended 31 December 2016 is as follows: Salsabil Enterprise Trial balance as at 31 December 2016 Debit Account Credit (RM) (RM) Cash 4,200 Trade receivables 20,000 Notes receivable 10,000 Inventory 24,000 Prepaid rental 2,400 Equipment Accumulated depreciation-equipment 18,000 4,000 Trade payables 26,400 Capital, Salihin 33,200...
2 Clearwater Enterprise is a merchan Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. Debit (RM) Credit (RM) Profic or Los 30,000 Income searr) 110,000 Balon shar 250,000 120.000 24,000 40,000 22,500 Machinery Accumulated depreciation - machinery Land LandD2TONE Building dsb rob tol no zivot 20 Accumulated depreciation - building Loan from Ah Ling (10 years) Bank overdraft Accounts receivable Inventories Sdn Accounts...
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...
10 Perniagaan Cremeria is a merchandising company which has business operations in Sungai Long. The following balances have been extracted from the books as at 31 December 2016: Debit (RM) 40,000 Credit (RM) adsbon 4,000 banovo 250,000 100,000 gubbar Fixtures Accumulated depreciation - Fixtures Land Building Accumulated depreciation - Building Long-term loan from Bank Karishi Bank Accounts receivable Inventories as at 1 January 2016 Accounts payable 20,000 50,000 30,000 71,500 52,000 18,000 Accounts With Adjustments 287 Debit (RM) Credit (RM)...
Required: loss for 2016 and a statement of financial position as at 31 45.9A The following is the trial balance of Tully Ltd as as on 31 December 2017: Share capital issued: ordinary shares 20p Accounts receivable and accounts payable Inventory 31 December 2016 Bank Premises at cost Machinery at cost Dr ns for depreciat 81,300 17,900 265,000 109,100 34,700 bors' remuneratic Motor vehicles at cost Depreciation provisions at 31.12.2016: Inventory £317 Business rates Dividend of 1 Transfers to r...
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)...
Question 1 Ina, Meena and Deeka have been in Partnership as manufactures for many years. Interest on drawings is 10%p.a. Interest on capital is 20% p.a. for the first six months and 25% p.a. for the remaining six months of 2019. Ina receives a salary of $4000 per quarter and Deeka receives a monthly salary of RM 2,200. Profit is shared at 40% for Ina, 30% for Meena and 30% for Deeka. The following balances were produced for the year...
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...
a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - Purchases . Sales ... Returns inwards Returns outwards Insurance Wages and salaries --- Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
Exercise 3.18 Please! Thank
you
(v) Sales revenl Prepare a cash flows statement for the year ended 31 December 2016 using the Required indirect method. ST3.18 The trial balance for Salsabil Enterprise for the year ended 31 December 2016 is as follows: Salsabil Enterprise Trial balance as at 31 December 2016 Debit Account Credit (RM) (RM) Cash 4,200 Trade receivables 20,000 Notes receivable 10,000 Inventory 24,000 Prepaid rental 2,400 Equipment Accumulated depreciation-equipment 18,000 4,000 Trade payables 26,400 Capital, Salihin 33,200...