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T"Business Accounting 1" by F. Wood & other--Chapter 45 Question no. 45.11A) Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5: Given the following information as at 30 April 20X5, draw up the Statement of Profit or Loss, an extract of the Statement of Changes in Equity (showing the movements in retained carnings) and the Statement of Financial Position for the year to that date: Dr RM 150,000 ordinary share capital 50,000 non-redeemable preference share Inventory as at 30 April 20X4 Cr RM 150,000 50,000 (i) Inventory RM111,317. (ii) Accrued: rent RM802; Directors' remuneration RM6,000. (iii) Loan note interest % year's interest owing. 102,994 227,219 Accounts receivable 54,818 40,000 30,000 15,000 12,411 Accounts payable 8% loan notes Non-current assets replacement reserve General reserve Retained carnings as at 30 April 20X4 Loan note interest 1,600 225,000 57,200 4,973 62 Equipment at cost Motor vehieles at cost Bank Cash Sales Purchases Returns inwards 880,426 Carriage inwards Wages and salaries Rent, business rates and insurance Discounts allowed Directors' remuneration 419,211 18,400 1,452 123,289 16,240 3,415 82,400 Accumulated depreciation at 30 April 20X4: Equipment Motor vehicles 32,600 18,200 1,283,455 1,283,455

T"Business Accounting 1" by F. Wood & other--Chapter 45 Question no. 45.11A) Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5: Given the following information as at 30 April 20X5, draw up the Statement of Profit or Loss, an extract of the Statement of Changes in Equity (showing the movements in retained carnings) and the Statement of Financial Position for the year to that date: Dr RM 150,000 ordinary share capital 50,000 non-redeemable preference share Inventory as at 30 April 20X4 Cr RM 150,000 50,000 (i) Inventory RM111,317. (ii) Accrued: rent RM802; Directors' remuneration RM6,000. (iii) Loan note interest % year's interest owing. 102,994 227,219 Accounts receivable 54,818 40,000 30,000 15,000 12,411 Accounts payable 8% loan notes Non-current assets replacement reserve General reserve Retained carnings as at 30 April 20X4 Loan note interest 1,600 225,000 57,200 4,973 62 Equipment at cost Motor vehieles at cost Bank Cash Sales Purchases Returns inwards 880,426 Carriage inwards Wages and salaries Rent, business rates and insurance Discounts allowed Directors' remuneration 419,211 18,400 1,452 123,289 16,240 3,415 82,400 Accumulated depreciation at 30 April 20X4: Equipment Motor vehicles 32,600 18,200 1,283,455 1,283,455

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 56APSA: Problem 1-56A Applying the Fundamental Accounting Equation At the beginning of 2019 Huffer...
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ABFA1173 Principles of Accounting Question 4 ["Business Accounting 1" by F. Wood & other-Chapter 45 Question no. 45.11A] Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5: Given the following information as at 30 April 20X5, draw up the Statement of Profit or Loss, an extract of the Statement of Changes in Equity (showing the movements in retained earnings) and the Statement of Financial Position for the Dr Cr RM RM year to that date: 150,000 ordinary share capital 50,000 non-redeemable preference share Inventory as at 30 April 20X4 150,000 50,000 (i) Inventory RM111,317. (ii) Accrued: rent RM802; Directors' remuneration RM6,000. (iii) Loan note interest % ycar's interest owing. 102,994 227,219 Accounts receivable Accounts payable 8% loan notes Non-current assets replacement reserve General reserve Retained earnings as at 30 April 20X4 Loan note interest 54,818 40,000 30,000 15,000 12,411 1,600 225,000 57,200 4,973 Equipment at cost Motor vehicles at cost Bank Cash 62 Sales 880,426 Purchases 419,211 18,400 1,452 123,289 16,240 3,415 82,400 Returns inwards Carriage inwards Wages and salaries Rent, business rates and insurance Discounts allowed Directors' remuneration Accumulated depreciation at 30 April 20X4: Equipment Motor vehicles 32,600 18,200 1,283,455 1,283,455
Transcribed Image Text:ABFA1173 Principles of Accounting Question 4 ["Business Accounting 1" by F. Wood & other-Chapter 45 Question no. 45.11A] Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5: Given the following information as at 30 April 20X5, draw up the Statement of Profit or Loss, an extract of the Statement of Changes in Equity (showing the movements in retained earnings) and the Statement of Financial Position for the Dr Cr RM RM year to that date: 150,000 ordinary share capital 50,000 non-redeemable preference share Inventory as at 30 April 20X4 150,000 50,000 (i) Inventory RM111,317. (ii) Accrued: rent RM802; Directors' remuneration RM6,000. (iii) Loan note interest % ycar's interest owing. 102,994 227,219 Accounts receivable Accounts payable 8% loan notes Non-current assets replacement reserve General reserve Retained earnings as at 30 April 20X4 Loan note interest 54,818 40,000 30,000 15,000 12,411 1,600 225,000 57,200 4,973 Equipment at cost Motor vehicles at cost Bank Cash 62 Sales 880,426 Purchases 419,211 18,400 1,452 123,289 16,240 3,415 82,400 Returns inwards Carriage inwards Wages and salaries Rent, business rates and insurance Discounts allowed Directors' remuneration Accumulated depreciation at 30 April 20X4: Equipment Motor vehicles 32,600 18,200 1,283,455 1,283,455
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