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Mr. Farhan is a sole proprietor of FHN Enterprise. The following is the Statement of Comprehensive Income for year ended 31 December 2021. Notes to
Mr. Farhan is a sole proprietor of FHN Enterprise. The following is the Statement of Comprehensive Income for year ended 31 December 2021. Notes to the accounts: 1. Cost of sale inclusive drawings of goods RM 1,980 . 2. Salary, bonus and EPF consist of the following : Salary includes salary to disable employee amounting RM 9,000 per year. 3. Entertainment expenses A sum of RM 1,800 was spent to entertain the potential customers. 4. Bad debts are: 6. All of the FHN donations were paid to the approved institutions. 7. Repairs This includes repairs of Mr. Farhan's car amounted RM 1,450. 8. Capital allowance for the year of assessment 2020 is RM 8,500. You are required: Prepare the total income of Mr. Farhan for the year of assessment 2021.(CLO 2, P2) Mr. Farhan is a sole proprietor of FHN Enterprise. The following is the Statement of Comprehensive Income for year ended 31 December 2021. Notes to the accounts: 1. Cost of sale inclusive drawings of goods RM 1,980 . 2. Salary, bonus and EPF consist of the following : Salary includes salary to disable employee amounting RM 9,000 per year. 3. Entertainment expenses A sum of RM 1,800 was spent to entertain the potential customers. 4. Bad debts are: 6. All of the FHN donations were paid to the approved institutions. 7. Repairs This includes repairs of Mr. Farhan's car amounted RM 1,450. 8. Capital allowance for the year of assessment 2020 is RM 8,500. You are required: Prepare the total income of Mr. Farhan for the year of assessment 2021.(CLO 2, P2)
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