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Answer for question A Please solve by expert Need clean writing Question 2 [Soalan 2] Mr. Ahmad Ali, who runs a retail business, Teguh Harian
Answer for question A Please solve by expert Need clean writing
Question 2 [Soalan 2] Mr. Ahmad Ali, who runs a retail business, Teguh Harian Ltd, had the following balances extracted from the books of the business on 30 June 2020: (Ahmad Ali, yang menjalankan perniagaan runcit, Teguh Harian Ltd, mempunyai baki-baki berikut yang diekstrak daripada buku-buku perniagaan pada 30 Jun 2020: RM 72,440 RM 165,520 3,520 65,980 4,360 2,680 25,100 60 80,000 3,580 Account Name Account Receivable and Account Payable Carriage inwards Inventory as at 1 July 2019 Carriage outwards Discount allowed and discount received Utilities Loan from Miko bank Returns inwards and return outwards Bank Premises Motor Vehicles Furniture and fittings Cash Accumulated depreciation as at 1 July 2019 Motor vehicles Furniture and fittings Salaries and wages Bad debts Rent received Printing and stationery Drawings Insurance expenses Purchases and Sales Allowance for doubtful debts Capital as at 1 July 2019 3,840 10,400 160,000 56,000 27,600 2,160 20,160 8,280 68,600 2,940 7,500 9,400 3.560 18,200 592,380 844,300 5,920 180,000 1.222.240 1.222.240 Additional information as at 30 June 2020: (Maklumat tambahan berikut pada 30 Jun 2020: (i) Provision for depreciation are to be provided based on the following. (Peruntukan susut nilai disediakan berdasarkan pada perkara berikut.) . Motor vehicles (Kenderaan bermotor) 20% on book value, yearly basis [20% atas nilai buku, kadar tahunan) . Furniture and fittings [Lekapan dan lengkapan 10% on cost, yearly basis [10% atas kos, kadar tahunan (ii) A portion of the business premises was rented out for RM1,500 month starting from 1 March 2020. (Sebahagian daripada premis perniagaan disewa dengan harga RM1,500 sebulan mulai 1 Mac 2020.] (iii) A debtor, Tan was declare a bankrupt in January 2020. The amount owed by him amounting to RM2,720 has not been adjusted yet. (Seorang penghutang, Tan dsytiharkan muflis pada Januari 2020. Jumlah yang terhutang kepadanya berjumlah RM2,720 belum diselaraskan.) (iv) A debtor Azam, paid RM740 in cash for his debt which has been written off two years ago. Seorang penghutang Azam, membayar wang tunai RM740 untuk hutangnya yang telah dihapuskan dua tahun sebelum. (v) It is the policy of the firm to provide 5% provision of doubtful debts on the outstanding account receivable. (Adalah menjadi dasar syarikat untuk memberikan peruntukan hutang ragu 5% atas hutang tertunggak.) (vi) Miko bank approved the loan in January 2020 and charged interest at the rate of 8% per annum thereon. [Miko Bank meluluskan pinjaman pada Januari 2020 dan dikenakan faedah pada kadar 8% setahun di atasnya. (vii) The amount of insurance premium paid is for a coverage period of 13 month starting from February 2020. [Jumlah premium insurans yang dibayar adalah untuk tempoh perlindungan selama 13 bulan bermula dari Februari 2020. (viii) The expenses below are still outstanding as at year end. [Perbelanjaan di bawah masih belum selesai pada akhir tahun.] . RM4,690 Salaries and wages [Gaji dan upah Utilities (Utiliti] . RM710 (ix) The owner had consumed some goods worth RM12,680 and withdrew RM1,000 cash for personal use. [Pemilik telah menggunakan sejumlah barang bernilai RM12,680 dan mengeluarkan wang tunai RM1,000 untuk kegunaan peribadi. (X) Inventory as at 30 June 2020 was RM69,900. [Inventori pada 30 Jun 2020 adalah RM69,900. ....6/- a) Prepare Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2020. | Sediakan Penyata Untung atau Rugi dan Pendapatan Komprehensif Lain bagi tahun berakhir 30 Jun 2020.) b) Prepare the Statement of Financial Position on as at 30 June 2020. Sediakan Penyata Kedudukan Kewangan pada 30 Jun 2020Step by Step Solution
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