• Prepare :
  • Opening balances

Opening Statement of Financial Position MSG Enterprise Statement of Financial Position as at 31 December 2019 Ace. Cost Dep NBV RM RM RM 30,000 3.000 27,000 150,000 15,000 135,000 20,000 2.000 18.000 180,000 200,000 50 504.865 45,000 23.200 1.160 22.040 571,955 951,955 Non Current Assets: Office equipment Motor vehicles Office furniture 5% Fixed deposit Current Assets Petty Cash Cash at bank Inventories Trade receivable Less: Allowance for doubtful debts Total current assets Total assets Linbilities and shareholders' equity: Current liabilities: Trade payables Accrued rent Shareholders equity Capital Add: Net profit Total shareholders' equity Non Current Liabilities: 3.5% Long term loan-RHB Bank Total liabilities and equity 26,000 2,000 28.000 500,000 23,955 523.955 400,000 951,955 Trade receivables listing as at 31 December 2019 1 UCC College 2 Prince International School 3 Durian Enak Sdn. Bhd. RM 11.000 7,000 5,200 23.200 RM Trade payables Isting as at 31 December 2019 Easter Supplies Sdn. Bhd. (Inv. No. 89120) 2 Teammate Sdn. Bhd. (Inv. No.:1520) 3 Maju Sdn. Bhd. (Inv. No.: INV2013) 4 Double AA Sdn. Bhd. (Inv. No.: 1913) Loan from RHB Bank 8.500 10,000 5,000 2.500 26,000 A loan of RM400.000 was taken for five years at 5.5% interest Der anmum. The agreement was signed on 28 December 2019. Opening Statement of Financial Position MSG Enterprise Statement of Financial Position as at 31 December 2019 Ace. Cost Dep NBV RM RM RM 30,000 3.000 27,000 150,000 15,000 135,000 20,000 2.000 18.000 180,000 200,000 50 504.865 45,000 23.200 1.160 22.040 571,955 951,955 Non Current Assets: Office equipment Motor vehicles Office furniture 5% Fixed deposit Current Assets Petty Cash Cash at bank Inventories Trade receivable Less: Allowance for doubtful debts Total current assets Total assets Linbilities and shareholders' equity: Current liabilities: Trade payables Accrued rent Shareholders equity Capital Add: Net profit Total shareholders' equity Non Current Liabilities: 3.5% Long term loan-RHB Bank Total liabilities and equity 26,000 2,000 28.000 500,000 23,955 523.955 400,000 951,955 Trade receivables listing as at 31 December 2019 1 UCC College 2 Prince International School 3 Durian Enak Sdn. Bhd. RM 11.000 7,000 5,200 23.200 RM Trade payables Isting as at 31 December 2019 Easter Supplies Sdn. Bhd. (Inv. No. 89120) 2 Teammate Sdn. Bhd. (Inv. No.:1520) 3 Maju Sdn. Bhd. (Inv. No.: INV2013) 4 Double AA Sdn. Bhd. (Inv. No.: 1913) Loan from RHB Bank 8.500 10,000 5,000 2.500 26,000 A loan of RM400.000 was taken for five years at 5.5% interest Der anmum. The agreement was signed on 28 December 2019