110,000 Profit for the financial year 1. 2. 3. Additional information: During the year, the company received cash dividend amounted to RM60,000 and paid RM6,000 of interest expense to the bank (assume the interest expense is for operating purposes). A used machine with the cost of RM35,000 was sold for RM20,000 in May 2018. The gain on disposal of the machine was RM8,000. Investments which originally cost RM40,000 were sold for RM36,000 on 4 (- September 2018. 4. The company issued 50,000 units of ordinary shares at RM5 per unit in August 2018. 5. The cash on 10-day deposit is considered as a cash equivalent. REQUIRED: Prepare a Statement of Cash Flows for Washee Bhd for the year ended 31 October 2018 in accordance to MFRS 107 Statement of Cash Flows, using the indirect method. QUESTION 2 Bank Statement balance The bank statement of Tiga Naga Bhd showed a balance of RM33.110.11 on 30 April 2018. The company cash account on the date is RM21,139.86. An analysis into the cash book and bank statement reveals the following differences: Balancel Cash) Deposit (Bank Statement) (a) RM5,399 was received from customers. The amount has not been deposited until 3 May 2018. (1) BBOK balance (b) The bank statement shows that a note receivable of RM1,500 was collected by the bank on 29 April and was deposited into the company's account. On the same day, the bank withdrew RM50 from the company's account as a fee for collecting the note receivable. (-) Book balance (c) The bank statement shows a charge of RM50 for cheque book. Service charge (300k balance) (d) Cheques outstanding on 30 April are RM7,399.25. (-) Bank statement (e) The bank statement shows that RM15 was added to the current account on 30 April for interest earned by the company during April. Book balance (f) During the month of April, the company wrote cheques totaling RM19,000. As of 30 April, RM5,010 of the cheques written in April had not yet cleared and RM2,200 of cheques written in March 2018 had also not yet cleared. (g) On 26 April, the company's cash account shows cash sales of RM1,450. The bank statement shows the amount deposited was actually RM1,540. The company reviewed the transactions and found that RM1,540 was the correct amount. error recording errette (Book balance) (h) Cheque no. 555 in the amount of RM683 had been in the cash account as R11638 and cheque no. 559 in the amount of RM111 had been entered as RM1,111. Both cheques had been issued for payment of purchase of office furniture. emov 45 C) ? Bookal anes error 1000 (i) A customer's cheque for RM390 had been entered as RM90 in the cash receipts joumal on 15 April 2018 REQUIRED: Deposits in transit outstanding chects Bank charges Prepare a bank reconciliation statement dated 30 April 2018. - Bank credits Q3. List FOUR (4) reconciling items in the reconciliation of bank balances. - Bank or deposita Q4. State any TWO (2) policies and procedures demonstrating the primary purpose of internal control in a company, ensure the reliability and integrity of financial information a accomplishment of goals and objectives