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Please help me . Urgent . please please Question 1 Below is the draft trial balance of MyYoko Bhd, for the year ended 31 March
Please help me . Urgent . please please
Question 1 Below is the draft trial balance of MyYoko Bhd, for the year ended 31 March 2019. MyYoko Bhd is a manufacturing company located in Senawang, Negeri Sembilan. RM'000 RM '000 Sales 50,332 Purchases 29,778 PPE cost 59,088 PPE - accumulated depreciation 25,486 Inventories 1st April 2018 7,865 Interest 200 Accruals 426 Distribution costs 8,985 Administrative expenses 7,039 Retained earnings 23,457 Trade receivables 9,045 Cash at bank 182 8% Bank loan repayable 2025 5,000 Share capital 10,000 Share premium 5,000 Trade payables 2.481 122.182 122.182 The following further information is available: 1. The share capital of the company consists of ordinary shares with a nominal value of RM1 each 2. No dividends are to be paid for the current year. 3. The sales figure in the trial balance includes sales made on credit for April 2019 amounting to RM 3,147,000 4. The inventories at the close of business on 31st March 2019 cost RM 8,407,000. Included in this figure are inventories that cost RM 480,000, but which can be sold for only RM 180,000 5. Transport costs of RM 157,000 relating to March 2019 are not included in the trial balance as the invoice was received after the year-end. 6. Interest on the bank loan for the last six months of the year has not been included in the trial balance. 7. The corporation tax charge for the year has been calculated as RM 235,000 Requirement: (a) Prepare the Statement of Comprehensive Income of My Yoko Bhd. for the year ended 31st March 2019. (b) Prepare the Statement of Financial Position as at 31 March 2019Step by Step Solution
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