ACCOUNTING
Soalan 1 (Question 1) Berikut adalah Kunci Kira-Kira tahun 2015 dan 2014 yang diambil dari Rhodes Bakery Company. (The following balance sheet of 2015 and 2014 is taken from Rhodes Bakery Company) Disember (December) 31 Aset (Assets): 2015 2014 Aset Semasa (Current Assets): Tunai (Cash) RM 61,100 RM54,000 Akaun Belum Terima (Accounts Receivable) 22,500 17,500 Inventori (Inventory) 8,500 7,000 Lain-Lain Aset Semasa (Other Current Assets) 6.500 5,500 Jumlah Aset Semasa (Total Current Assets) 98,600 84,000 Aset Jangka Panjang (Long-Term Assets): Harta, Loji & Peralatan Bersin 744,900 25,000 (Property, Plant & Equipment, Net) Aset Tak Ketara (Intangible Assets) 211,250 225,000 Jumlah Aset (Total Assets) RM1.054.750 RM334,000 Liabilities Ekuiti Pemegang Saham ( Liabilities And Stockholders' Equity) Liabilitiesasa (Current Liabilities): Akaun Belum Bayar (Accounts Payable) RM 5,500 RM 4,500 Faedah Belum Bayar (Interest Payable) 500 500 Bahagian Semasa Hutang Jangka Panjang (Current Portion Of 15,000 Long-Term Debt) Cukai Pendapatan Belum Bayar (Income Tax Payable) 18,500 23,000 Jumlah Liabilitiesasa (Total Current Liabilities) RM 39,500 28,000 Liabilitiesgka Panjang (Long-Term Liabilities): Nota Belum Bayar (Notes Payable) 246.250 15,000 Jumlah Liabilitiesal Liabilities) 285,750 43,000 Ekuiti Pemegang Saham (Stockholders' Equity) 1Modal Berbayar Tambahan (Additional Paid-In Capital) 654,000 186,000 Pendapatan Tertahan (Retained Earnings) 92.500 70,000 Saham Perbendaharaan (Treasury Stock) (37,500) Jumlah Elcuiti Pemegang Saham (Total Stockholders' Equity) 769.000 291,000 Jumlah Liabilities Ekuiti Pemegang Saham (Total Liabilities And RM1.054.750 RM334.000 Stockholders' Equity) Dikehendaki (Required): (a) Kira misbah kecairan jangka pendek (Nisbah Semasa dan Nisbah Pantas) bagi tahun 2015 dan 2014 dan bundarkan jawapan anda kepada dua tempat perpuluhan. Berikan komen keatas kecairan jangka pendek syarikat. (Calculate the short-term liquidity ratios (Current Ratio and Quick Ratio) for 2015 and 2014 and round your answers to two decimal places. Give comment on the company's short-term liquidity). [7 markah/marks] (b) Sebahagian penyata pendapatan Rhodes Bakery Company ditunjukkan seperti di bawah dan akaun belum terima, inventori, dan jumlah aset pada 31 Disember, 2013 adalah RM18,500; RM 6,500; dan RM 325,000, masing-masing. Kirakan nisbah kecekapan (nisbah pusingganti akaun belum terima dan nisbah pusing ganti inventori) bagi tahun 2015 dan 2014. Bundarkan jawapan anda kepada dua tempat perpuluhan dan berikan komen anda terhadap nisbah kecekapan syarikat. (A portion of the Rhodes Bakery Company's income statements are shown as below and accounts receivable, inventories, and total assets as at December 31, 2013 were RMIS,500, RM6,500, and RM325,000, respectively. Calculate an efficiency ratios (accounts receivable turnover ratio and inventory turnover ratio) for 2015 and 2014. Round your answers to two decimal places and give your comment on the company's efficiency ratios.) Untuk tahun berakhir (For the years ended) 2015 2014 Jualan bersin (Net sales) RM475,000 RM387,500 Kos barang dijual (Cost of Goods Sold) 240,000 200.000 Untung kasar (Gross Profit) RM235,000 RM187,500 [8 markah/marks] 2SOALAN 2 (15 markah) (QUESTION 2 (15 marks). Sebagai seorang akauntan baru, anda diberi penyata kewangan untuk dua jabatan stor swasta yang hampir sama di mana setiap satu mempunyai satu stor di tengah kota Kuala Lumpur. As a new accountant, you are given the following financial statements for two very similar privately owned department stores which each comprise of one store in the city centre of Kuala Lumpur. Ringkasan Penyata Kewangan /Summary of Financial Statements RM'000 RM'000 RM'000 RM'000 Kunci Kira-Kira pada 31 Disember Perniagaan A Business A Perniagaan B Business B 2008 Balance Sheet as at 31 December 2008 Aset bukan semasa Non-current Assets Bangunan pada kos 300 440 tolak Susutnilai (255) 45 (220) 220 Building at cost Less Depreciation Peralatan pada kos 140 180 tolak Susutnilai (119) 21 (90) 90 Equipment at cost Less Depreciation Aset Semasa Current Assets Bank/Bank 2 Akaun Belum Terima/ Account 205 140 ReceivablesInventor /Inventory) 200 409 240 382 Liabilitiesasa/ Current liabilities Akaun Belum Bayar/ Account (245 (252) payable Aset Bersib /Net Assets 230 440 Dibiayai Oleh /Financed by Akaun Modal Capital Account Baki Awal Tahun /Balance at start of 240 430 year Tambah Untung Bersin lAdd net 60 90 profit Tolak Ambilan / Less Drawings (70) 80) 230 440 Penyata Pendapatan Untuk Tahun Berakhir 31 Disember 2008 Income Statement for the year ended 31 December 2008 Hasil/ Revenue 1,800 2,700 Kos Barang Dijual Less Cost of goods sold Inventori Awal 300 280 Opening inventory Tambah Belian Add Purchases 1,300 2,250 1,600 2,530 Tolak Inventori Akhir (200) 1400 (240) 2290 Less Closing InventoryUntung Kasar /Gross Profit 400 410 tolak Susutnilai 22 40 Less Depreciation Lain-Lain Belanja/ 318 340 280 320 Other expenses Untung Bersin /Net profit 60 Anda dikehendaki: / You are required to: (a) Kirakan nisbah berikut untuk kedua-dua perniagaan A and B: Calculate the following ratios for both business A and B: i. Peratus untung kasar ke atas basil /Gross profit as percentage of revenue ii. Peratus untung bersin ke atas hasil / Net profit as percentage of revenue iii. Peratus belanja ke atas hasil / Expenses as percentage of revenue iv. Pusingganti Inventori /Inventory turnover v. Kadar pulangan untung bersih ke atas modal - sila guna purata akaun modal untuk tujuan ini / Rate of return of net profit on capital (use the average of the capital account for this purpose. vi. Nisbah semasa / Current ratio vii. Nisbah ujian asid atau misbah cepat Acid test ratio or quick ratio. vili. Nisbah akaun belum terima: hasil / Account receivables: revenue ratio ix. Nisbah akaun belum bayar : belian / Account payable : purchases ratio (9 markah/9 marks) b) Berdasar pengetahuan perakaunan yang anda perolehi dari subjek ACT 2113, berikan komen terhadap perbezaan dan persamaan misbah perakaunan untuk perniagaan A dan B. Perniagaan manakah yang prestasinya lebih cekap? Berikan pendapat anda. (6 markah) Drawing upon all your knowledge of accounting that you have been learned from ACT 2113 subject, comment upon the difference and similarities of the accounting ratio for business A and B. Which business seems to perform more efficiently? Justify your opinion. (6 marks) 5Inventori Awal/ 300 280 Opening inventory Tambah Belian/Add Purchases 1,300 2,250 1,600 2,530 Tolak Inventori Akhir (200 1400 (240) 2290 Less Closing Inventory Untung Kasar / Gross Profit 400 410 tolak Susutnilai 22 40 Less Depreciation Lain-Lain Belanja/ 318 340 280 320 Other expenses Untung Bersin /Net profit 60 970 Anda dikehendaki: / You are required to. (a) Kirakan nisbah berikut untuk kedua-dua perniagaan A and B: Calculate the following ratios for both business A and B: i. Peratus untung kasar ke atas hasil / Gross profit as percentage of revenue ii. Peratus untung bersin ke atas hasil / Net profit as percentage of revenue iii. Peratus belanja ke atas hasil / Expenses as percentage of revenue iv. Pusingganti Inventori /Inventory turnover v. Kadar pulangan untung bersin ke atas modal - sila guna purata akaun modal untuk tujuan ini / Rate of return of net profit on capital (use the average of the capital account for this purpose. 6vi. Nisbah semasa / Current ratio vii. Nisbah ujian asid atau nisbah cepat/ Acid test ratio or quick ratio. vill. Nisbah akaun belum terima: hasil / Account receivables: revenue ratio ix. Nisbah akaun belum bayar : belian / Account payable : purchases ratio (9 markah/9 marks) (b) Berdasar pengetahuan perakaunan yang anda perolehi dari subjek ACT 2113, berikan komen terhadap perbezaan dan persamaan nisbah perakaunan untuk perniagaan A dan B. Perniagaan manakah yang prestasinya lebin cekap? Berikan pendapat anda. (6 markah) Drawing upon all your knowledge of accounting that you have been learned from ACT 2113 subject, comment upon the difference and similarities of the accounting ratio for business A and B. Which business seems to perform more efficiently? Justify your opinion. (6 marks)
