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ASSESSMENT 4 (15 MARKS) Hashfi Ariff is the treasurer of WhoCares Malaysia. He is now busy preparing the financial statement for the next Annual General
ASSESSMENT 4 (15 MARKS) Hashfi Ariff is the treasurer of WhoCares Malaysia. He is now busy preparing the financial statement for the next Annual General Meeting in August 2020. His assistant just resigned leaving behind all the recorded transactions during its year of operation as below. Receipts TIRM Payments RM Subscriptions 12.000 Cash purchases Registration fee 3.000 - Food Kiosk 19,850 Donations Toko Buku 12.520 General 78.400 Committee allowance 12,000 Fagermu 23.600 Maintenance 7,200 cash sales Food Kiosk credors 1.600 Food Kiosk 28.55 Toko Buku Creditors 4,800 Toko Buku 18.740 Purchase of Toko Buku equipment 28,200 Food Kiosk debtors 6.270 Rental 8,000 Toko Buku debtors 9,340 Club activities 84,800 Additional information: 1. Balances as at 31 August 2019 2020 Banke 13,770 22,500 Food Kiosk debtors 10,230 14,680 Food Kiosk creditors 5,100 6,300 Toko Buku debtors 3.200 6,650 Toko Buku creditors 2,900 3,800 Trventory - Food Kiosk 2,280 3,860 - Toko Buku 4,600 2,800 2. Allocation of expenses Club Kiosk Toko Committee allowance 0.8 0.1 0.1 Maintenance 0.1 0.5 0.4 Rental 0.3 0.5 0.2 Required: A. Trading accounts for Food Kiosk and Toko Buku for the year ended 31 August 2020. (18 marks) B. Income and Expenditure Account for WhoCares Malaysia as at 31 August 2020. (10 marks)
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