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Dear tutors, please answer the finance question below based on the marks. Thank you 4. On 1n May 2020. Feezah started a business with a
Dear tutors, please answer the finance question below based on the marks. Thank you 4. On 1n May 2020. Feezah started a business with a capital of RM20, 500 . She did not keep her accounting books property because lack of knowledge and due to pandernic Covid-19. At the end of year 2021, as an accountant, you were asked to determine the business profit and loss and to provide her with the information on the business financial position. On 302k April 2021 , these balances were taken from her books of account: During the year ended 30 Apri 2021, Feezah withdrew RM250 a month to gay her house rent. Besides that, she decided to depreciate her store equipment at 15% a year using straight line method and established allowance for doubtful debts at 5% of accounts receivable value. Required: (a) Calculate the capital on 30 Apni 2021 (calculation steps must be shown) (6) marks) (o) Prepare a statement to find profit or loss for the year ended 30m Apri 2021. (5 marks) (c) Prepare a Statement of Financial Position as at 30\% Apnil 2021. (14 marks)
Dear tutors, please answer the finance question below based on the marks. Thank you
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