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please solve asap Question 5 Below is the Statement of Financial Position of Ibrahim Enterprise as at 31 August 2018 and 2019. Ibrahim Enterprise Statement
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Question 5 Below is the Statement of Financial Position of Ibrahim Enterprise as at 31 August 2018 and 2019. Ibrahim Enterprise Statement of Financial Position as at 31 August 2018 20191 (RM) (RM) (RM) (RM) Non-Current Assets: Office Equipment 45,000 55.0001 Less; Provision for Depreciation (9,000) 36,000 (20,000) 35,000 Fixtures and Fittings 36,000 30,000 Less: Provision for Depreciation (3,600) 32,400 6,000) 24,000 68,400 59,000 Current Assets: Inventory 7,580 9,750 Account receivable less provision 6,030 5,850 500 Rent prepaid Bank Cash 6501 1,570 320 16,150 7,410 300 23,810 Current Liabilities: Account payable (3,950) 12,200 (2,110) 21,700 80.600 80,700 Finance by: Capital as at 1" July Add: Additional Capital Net Profit hal 65,600 61,600 5,000 3,000 69,600 1,900 9.200 76,700 Less: Drawings (6,000) (4,000) 65,6001 70,7001 Long Term Liabilities: Loan 10,000 15,000 80.600 80,7001 Notes: 1. Account Receivable for 31 August 2018 is RM6,700 (provision RM670) and for 31 August 2019 is RM6,500 (provision RM650). 2. Fixtures and Fittings at cost is RM6,000 with the accumulated depreciation of RM600 was sold during the year for RM5,800. You are required to prepare the Statement of Cash Flow (indirect method) of Ibrahim Enterprise for the year ended 31 August 2019. (15 marks)Step by Step Solution
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