Question 1 Saville Sdn. Bhd. is a resident SME manufacturing company commenced its business on 1 January 2020 and closed it accounts on 31 December each year. Below is Saville Sdn. Bhd. Profit & Loss Accounts for the year ended 2020. Saville Sdn. Bhd. Profit & Loss Accounts for the year ended 31 December 2020 Note RM'000 RM'000 1 Sales Cost of Sales Gross Profit Other Income 1,500 (600) 900 15 915 2 3 4 5 Salary Sales & Marketing Administration Depreciation Doubtful debt Accounting fee AGM expenses Donation Interest expense OOO 450 150 150 50 40 15 20 6 B 9 10 (884) Profit before tax 31 Notes to the Accounts: 1 The company made provisions for slow moving inventory for RM10,000 and reflected in the cost of sales accounts as follow: Opening balance Provision for the year Provision written of Closing balance RM 150.000 13,000 (10.000) 155,000 2. Other Income Interest income from investment account was RM5.000 11. Dividend income for the year was RM10,000. 3. Salary The company made a 13 contribution tal staff which was included in the salary expenses Included in the salary expenses SOCSO certified disable staff who was paid salary and bonusul RM200 and RMPOO Spectively Sales & Marketing The company incurred amare search expense on possibility to penetrate foretaket RMHO caliber 100 Pasakeinud to another company na lically SPO anunNet Ald R.K. IT IT!!! EN Bands ullie SS Te |||||||| INDIA IN 4. Sales & Marketing. The company incurred a market research expense on possibility to penetrate foreign market for RM30,000. A retainer fee for RM10,000 was also paid to one overseas agent. The company also specifically sponsor a dinner for the community for RM10,000. 5. Administration. Repairs and maintenance expenses for the year accumulated to RM20,000. Half of it was for the improvement of the Chairman office. 6. Doubtful debts. A quarter of the doubtful debt was specific in nature. 7. Includes in the accounting fee is a tax consultancy service for tax planning of RM5,000. 8. Annual General Meeting expenses were incurred for AGM 2020 9 Two third of the donation was made to an approved institution. 10 Interest expense was related to louns taken for dividend payment 11. Eapital allowance computed for YA 2020 was RM5,000. Required Compule the Chargeable from lon Saville Sen Blid for YA O'll show all workings)