Question 1

Identify the types of users (internal or external) for the following, then describe the types of accounting information they require.

i. Employees

ii. Bankers

iii. Suppliers

iv. Managers

Question 2

The following transactions were recorded in the first month of Dr. Ariq's business for Klinik Hidup Sihat:

May 2021	Transactions
1	Started the business by investing RM50,000.
5	Bought office equipment for RM12,500 on credit from Medical Products.
8	Paid RM2,250 for various medical supplies for the office.
15	Received RM11,400 of fees earned during the first month operations.
19	Paid amounts owing to Medical Products amounting to RM1,780.
21	Withdrew RM1,500 for personal use.
25	Paid RM2,000 for medical assistant salary.
27	Paid RM3,500 for office rent.
29	The cost of medical supplies used was RM1,700.
30	Received a loan of RM15,000 from ALM Bank.

You are required to:

Analyse the effects of the above transactions on the accounting equation by using the format given below:

Assets	=	Liabilities	+	Owner's Equity

ASSIGNMENT 2 (CLO2)

The following are the accounts' balances of FNS Sdn. Bhd. at the end of June 2021.

Accounts	Balances (RM)
Sales	302,316
Purchases	194,870
Inventory, 1 July 2020	56,912
Carriage inwards	1,291
Carriage outwards	1,255
Sales return and allowances	1,444
Sales discount	1,575
Purchase return and allowances	1,638
Purchase discount	1,160
Advertising expenses	3,494
Rental expenses	4,578
Miscellaneous expenses	5,618
Salaries expenses	10,977
Capital	112,875
Withdrawals	840
Cash at bank	55,650
Accounts receivable	12,250
Motor vehicle	80,850
Accumulated depreciation-Motor vehicle	10,780
Accounts payable	2,835

Closing inventory was valued at RM12,450. The additional information as at 30 June 2021:

1. Utilities accrued was RM525.
2. Rent prepaid was RM1,050.
3. Annual depreciation was calculated for the motor vehicle based on a straight line method with 15 years of useful life. No scrap value.

You are required to prepare the following for FNS Sdn. Bhd.:

1. Adjusted trial Balance as at 30 June 2021 after considering the additional information.

1. Statement of Comprehensive Income for the year ended 30 June 2021.

1. Statement of Financial Position as at 30 June 2022