pls soon The statement of the financial position of BERJAYA Printing Enterprise as of 31 December2020 was shown in Table 1. Distinguish information according to Table 1 to find financialstatement for the year 2020.Q2(i)(ii)Gross profit or lossNet profit or lossTable 1: Financial statement of BERJAYA Printing Enterprise for year 2020January - DecemberAssumptions:Start Operation 1/1/2020Cash Injected by ownerLoan bank (6% for 6 years)Year 2020RM70,000RM20,000SalesSales (unit)13,000Selling Price/UnitRM25Purchase Costs/unitRM10Purchase of Photostat machineRM60,000(useful life = 8 years) paid cash RM 60,000 in January 2020Monthly Operating Expenses: (fully paid)4,0002,000SalaryShop space rentalElectricity and other utilities500Transportation300Maintenance300Advertisements (for the year)3,000Other200

(i) Calculate the gross profit or loss at year end by deducting the purchase cost from the sales:…

he statement of the financial positión of 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. Printing Enterprise as of 31 December (i) (ii) Gross profit or loss Net profit or loss

he statement of the financial positión of 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. Printing Enterprise as of 31 December (i) (ii) Gross profit or loss Net profit or loss

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.17E: Financial statements Each of the following items is shown in the financial statements of ExxonMobil...

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Question

pls soon

The statement of the financial position of BERJAYA Printing Enterprise as of 31 December
2020 was shown in Table 1. Distinguish information according to Table 1 to find financial
statement for the year 2020.
Q2
(i)
(ii)
Gross profit or loss
Net profit or loss
Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020
January - December
Assumptions:
Start Operation 1/1/2020
Cash Injected by owner
Loan bank (6% for 6 years)
Year 2020
RM
70,000
RM
20,000
Sales
Sales (unit)
13,000
Selling Price/Unit
RM
25
Purchase Costs/unit
RM
10
Purchase of Photostat machine
RM
60,000
(useful life = 8 years) paid cash RM 60,000 in January 2020
Monthly Operating Expenses: (fully paid)
4,000
2,000
Salary
Shop space rental
Electricity and other utilities
500
Transportation
300
Maintenance
300
Advertisements (for the year)
3,000
Other
200

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