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CONFIDENTIAL JUNE 2020/SET B/MAC301/MAC 2073 Additional information that need to be considered: 1. 2 The owner had taken goods worth RM2,400 and cash amounting to

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CONFIDENTIAL JUNE 2020/SET B/MAC301/MAC 2073 Additional information that need to be considered: 1. 2 The owner had taken goods worth RM2,400 and cash amounting to RM500 to be given to Rumah Kasih Raudhah as his personal donation The storekeeper had recorded stock as at 29 February 2020 were RM38,200. Accruals at 29 February 2020: 3 Rent expenses Utility expenses Interest revenues RM1,700 RM1,400 RM3,200 4. Prepayments at 29 February 2020: Salary expenses Dividend received RM2,400 RM4,000 5. Depreciation for the current year are as follows: Building RM18,100 Motor Vehicles RM11,500 Office Equipment RM10,200 Required: Prepare a Statement of Profit or Loss for the year ended 29 February 2020. a (16 marks) . b. Prepare a Statement of Financial Position as at 29 February 2020. (20 marks) C. State FOUR (4) examples of Current Liabilities. (4 marks) (Total: 40 marks) CONFIDENTIAL JUNE 2020/SET B/MAC301/MAC 2073 Additional information that need to be considered: 1. 2 The owner had taken goods worth RM2,400 and cash amounting to RM500 to be given to Rumah Kasih Raudhah as his personal donation The storekeeper had recorded stock as at 29 February 2020 were RM38,200. Accruals at 29 February 2020: 3 Rent expenses Utility expenses Interest revenues RM1,700 RM1,400 RM3,200 4. Prepayments at 29 February 2020: Salary expenses Dividend received RM2,400 RM4,000 5. Depreciation for the current year are as follows: Building RM18,100 Motor Vehicles RM11,500 Office Equipment RM10,200 Required: Prepare a Statement of Profit or Loss for the year ended 29 February 2020. a (16 marks) . b. Prepare a Statement of Financial Position as at 29 February 2020. (20 marks) C. State FOUR (4) examples of Current Liabilities. (4 marks) (Total: 40 marks)

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