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Question 4 Below are the accounting details of Ryan Berhad as at 30 June 2021: Issued and called up share capital: Ordinary shares RM1 each
Question 4 Below are the accounting details of Ryan Berhad as at 30 June 2021: Issued and called up share capital: Ordinary shares RM1 each Loan notes (4%) Plant and machinery at cost Motor vehicle at cost Inventory (30 June 2021) Accounts receivable Accounts payable General reserve Bank Accumulated depreciation: Plant and machinery Accumulated depreciation: Motor Vehicle Provision for bad debts (year 2020) Purchases Sales Remunerations Audit expenses Motor expenses Dividend income (RM) 850,000 200,800 750,000 260,000 600,000 52,000 22,700 60,000 588.968 150,000 52,000 8,000 650,500 970,000 22,200 10,300 12,000 53,000 Additional information: Retained profit as at 30 June 2020 RM 87,000 General reserve as at 1 July 2020 RM 52,000 Preference dividend paid during 2021 RM 8,500 Ordinary dividend paid during 2021 RM 43,000 Motor expenses accrued at 30 June 2021 RM 680 Bad debts written off at 30 June 2021 RM900 Provision for bad debts at 30 June 2021 RM 9,000 Audit expenses paid in advance at 30 June 2021 RM500 Inventory as at 30 June 2020 RM40,000 The company non-current assets are depreciated at the rate of 10% annually and loan interest was fully paid for the financial year 2021. Required a) Prepare the statement of profit or loss and other comprehensive income for the year ended 30 June 2021 (10 marks) b) Prepare the statement of changes in equity for the year ended 30 June 2021. (5 marks) c) Prepare the statement of financial position as at 30 June 2021. (10 marks) (Total 25 marks)
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