Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help with entrepreneurship question The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table

i need help with entrepreneurship question

image text in transcribed

The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. (i) Gross profit or loss (ii) Net profit or loss (10 marks) Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020 Year 2020 January - December Assumptions: Start Operation 1/1/2020 Cash Injected by owner Loan bank (6% for 6 years) RM 70,000 20,000 RM Sales Sales (unit) Selling Price/Unit Purchase Costs/unit 13,000 25 RM RM 10 RM 60,000 Purchase of Photostat machine (useful life = 8 years) paid cash RM 60,000 in January 2020 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation Maintenance Advertisements (for the year) Other 4,000 2,000 500 300 300 3,000 200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Exploring Strategic Change

Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson

4th Edition

0273778919, 9780273778912

Students also viewed these Accounting questions

Question

What would you do?

Answered: 1 week ago