Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 4 (25 MARKS) The management of Melinda Sdn Bhd will discuss its financial position during the 5th annual meeting. As an assistant accountant

image text in transcribedimage text in transcribed

QUESTION 4 (25 MARKS) The management of Melinda Sdn Bhd will discuss its financial position during the 5th annual meeting. As an assistant accountant of the company, you have been asked to do a financial analysis based on the following Trial Balance as at 31 December 2019. Melinda Sdn Bhd Trial Balance as at 31 December 2019 Debit (RM) Credit (RM) Inventory as at 1 January 2019 23,600 Carriage outwards 2,000 Carriage inwards 3,100 Returns inwards and return outwards 2,000 3,200 Purchases and Sales 118,700 213,800 Salaries and wages 38,700 Motor expenses Office expenses 700 6,600 General expenses 6,900 Motor vehicles 81,000 Fixtures and Fittings 18,000 Accounts receivable and Accounts 15,500 35,300 payable Cash at bank Drawings and capital 39,000 4,800 108,300 360,600 360,600 Inventory as at 31 December 2019 was RM29,400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Financial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds

9th edition

9781259296802, 9781259296758, 78025907, 1259296806, 9781259296765, 978-0078025907

More Books

Students also viewed these Accounting questions

Question

b. Who is the program director?

Answered: 1 week ago