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Blackboard XC X CO Remaining Time: 1 hour, 55 minutes, 16 seconds. Question Completion Status: In finalising the financial statements of Jessica's company for
Blackboard XC X CO Remaining Time: 1 hour, 55 minutes, 16 seconds. Question Completion Status: In finalising the financial statements of Jessica's company for the year ended 30 June 2022, which of the following material matters should be adjusted for? OA customer who owed RM550,000 went bankrupt in July 2022. A machine with a value of RM8,000,000 was seriously damaged by a fire in July 2022. The company was back in production by August 2022 but its value was reduced to RM7,950,000. O The sale in August 2022 for RM750,000 of some inventory items valued in the statement of financial position at RM700,000. O The company issued 8,000,000 ordinary shares in August 2022. QUESTION 13 Which of the following calculations could produce an acceptable figure for Jessica Co.'s net profit for a period if no accounting records had been kept? O Closing net assets plus drawings minus capital introduced minus opening net assets O Closing net assets plus drawings plus capital introduced minus opening net assets Closing net assets minus drawings plus capital introduced minus opening net assets Closing net assets minus drawings minus capital introduced minus opening net assets QUESTION 14 Trade receivables as at 30 September 2021 were RM24,800 and a year later RM42,400, taking into account the amount received from credit customers was RM59,500. Calculate the total sales revenue for the year. RM24,800 RM59,500 RM42,400 RM77,100 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers 2 p
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