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Question 2 (a) Below is the production transactions of Cindy Sdn. Bhd. for the month of June 2022. Date Transactions RM'000 1 Purchase raw
Question 2 (a) Below is the production transactions of Cindy Sdn. Bhd. for the month of June 2022. Date Transactions RM'000 1 Purchase raw material on credit from supplier 150 3 4 Returned raw material purchased on 1 June to supplier Issued raw material to production 5 110 7 Total indirect material issued 25 28 Wages paid to employee 180 EPF contribution Socso contribution 24 9 12 Schedule Tax Deduction Note: 2/3 of the wages was for direct wages. Required: Create journal entries for the above transactions. (i) (ii) Post the transactions into the appropriate ledger accounts. (b) Compare the differences between normal loss and abnormal loss. (10 marks) (11 marks) (4 marks) [Total: 25 Marks]
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