Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harimau Berhad has the following trial balance at 31 December 2021: Additional information: Inventory as at 31 December 2021 was RM400,200. Provision for company tax

Harimau Berhad has the following trial balance at 31 December 2021:

image text in transcribed

Additional information: Inventory as at 31 December 2021 was RM400,200. Provision for company tax was RM429,520. Depreciation 20% on cost per annum to all non-current assets. Share capital: RM6,500,000 ordinary shares and RM500,000 4% preference shares. Ordinary share dividend proposed to be 5%. Long term borrowing interest where half year interest still owing.

Required: Prepare Statement of Comprehensive Income and Statement of Financial Position as at 31 Dec 2021.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions