Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old MathJax webview please answer... highly appreciated.thanks. regards. The following balances were extracted from the books of DUDU Enterprise as at 30 June 2021. ACCOUNTS

Old MathJax webview

image text in transcribed

please answer... highly appreciated.thanks.

regards.

The following balances were extracted from the books of DUDU Enterprise as at 30 June 2021. ACCOUNTS RM RM Capital 900,000 Account recevables 45,500 Account payables 63,700 Land and buildings 780,000 Machineries 55,000 Motor vehide 180,000 Accumulated depreciation on Machineries 24,000 Accumulated depreciation on Motor 87,840 vehicles Allowance for doubtful debts 7,300 Inventories as at 1 July 2020 35,000 Purchases 200,000 Sales 450,000 5% investment in unit trust 230,000 4% loan from CEBE Bank 60,000 3% mortgage loan 150,000 Repair and maintenance 7,000 Salaries and wages 50,000 Rental received 24,000 Commission received 38,000 Camiage inwards 6.000 Carriage outwards 5.500 Return inwards 9.900 Return outwards 4,200 Duty on purchases 3.600 Discount allowed 8.400 Discount received 7,200 Cash at bank 170.000 Cash in hand 24.040 Interest on ban from CEBE Bank 1.800 Interest on mortgage loan 4,500 1,816,240 1,816,240 Additional information: 1. Inventory as of 30 June 2021 was RM47.000. 2. Additional motor vehide worth RM10,000 was purchased during the year, Full payment was made by cheque. However this transaction was not recorded in any books. 3. Depreciation charged for the year ended 30 June 2021 were as follows a. Machineries - 10% on the cost scrap value RM7.000, yearly basis. b. Motor vehicle -20% on the carrying amount yearly basis. The following balances were extracted from the books of DUDU Enterprise as at 30 June 2021. ACCOUNTS RM RM Capital 900,000 Account recevables 45,500 Account payables 63,700 Land and buildings 780,000 Machineries 55,000 Motor vehide 180,000 Accumulated depreciation on Machineries 24,000 Accumulated depreciation on Motor 87,840 vehicles Allowance for doubtful debts 7,300 Inventories as at 1 July 2020 35,000 Purchases 200,000 Sales 450,000 5% investment in unit trust 230,000 4% loan from CEBE Bank 60,000 3% mortgage loan 150,000 Repair and maintenance 7,000 Salaries and wages 50,000 Rental received 24,000 Commission received 38,000 Camiage inwards 6.000 Carriage outwards 5.500 Return inwards 9.900 Return outwards 4,200 Duty on purchases 3.600 Discount allowed 8.400 Discount received 7,200 Cash at bank 170.000 Cash in hand 24.040 Interest on ban from CEBE Bank 1.800 Interest on mortgage loan 4,500 1,816,240 1,816,240 Additional information: 1. Inventory as of 30 June 2021 was RM47.000. 2. Additional motor vehide worth RM10,000 was purchased during the year, Full payment was made by cheque. However this transaction was not recorded in any books. 3. Depreciation charged for the year ended 30 June 2021 were as follows a. Machineries - 10% on the cost scrap value RM7.000, yearly basis. b. Motor vehicle -20% on the carrying amount yearly basis

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

College Accounting, Chapters 1-9

Authors: James A. Heintz

20th Edition

0538745223, 9780538745222

More Books

Students also viewed these Accounting questions

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

describe and present a summary of data you have collected.

Answered: 1 week ago

Question

collect, organise and store quantitative data in an effective way;

Answered: 1 week ago