Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me urgent i will give you good rating Items House Salary per month Credit card outstanding Utilities bills per month Dividend received Education

please help me urgent i will give you good rating

image text in transcribed

Items House Salary per month Credit card outstanding Utilities bills per month Dividend received Education loan payment per month Furniture Rent payment per month Stock Mortgage Laptop and printer purchase Foods and entertainment expenses per month Personal loan Fuel, toll and parking costs per month Cash in hand Balance in checking account Groceries per month Dentist expenses Cash in saving account Donation and charitable contribution Clothing purchases RM 340,980 8,800 698 790 1,550 250 4,460 1,170 1,200 1,760 3,650 1,350 12,980 400 590 25,897 330 250 22,167 150 300 4. Maria needs to save for her travelling next year. She plans to at least have a saving amount of RM3, 170 per month. a) Based on the above information, help Maria to construct her income statement for April 2020. (8 Marks) b) Did she manage to achieve her goals? Justify your answer. (2 Marks)

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