Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required: [Dikehendaki:] a. Prepare a Statement of Comprehensive Income for the year ended 31 March 2020. [Sediakan Penyata Pendapatan Komprehensif bagi tahun berakhir 31 Mac
Required: [Dikehendaki:] a. Prepare a Statement of Comprehensive Income for the year ended 31 March 2020. [Sediakan Penyata Pendapatan Komprehensif bagi tahun berakhir 31 Mac 2020.] b. Prepare a Statement of Financial Position as at 31 March 2020. [Sediakan Penyata Kedudukan Kewangan pada 31 Mac 2020.]
i 760,000 The following Trial Balance was extracted from the books of GH Gadget Sdn Bhd as at 31 March 2020. timbangan duga berikut diambil daripada buku GH Gadget Sdn Bhd pada 31 Mac 2020:1 Dr (RM) Cr (RM) Capital (Modal Purchases and Sales (Belian dan Jualan] 372,000 665,000 Commissions (Komisen 7,000 12,400 Accounts Payable (Akaun Belum Bayar) 48,000 Accounts Receivable (Akaun Belum Terimaj 68,000 Retum Inwards / Outwards [Pulangan Masuk 7 Keluar] 5,000 3,300 Transportation Expenses (Belanja Pengangkutan] 12,000 Allowance for doubtful debts [Peruntukan hutang ragu] 4,500 Discount Allowed / Received (Diskaun Diberi / Diterima) 5,000 6,300 Duty on Purchases [Duti atas Belian] 4,400 Drawings (Ambilan) 8.000 Carriage Inwards [Angkutan Masuk] 2,500 General Expenses (Belanja Am] 8,400 Utility Bills (Bil-bil Utiliti] 3,000 Insurance [Insurans 15,600 Salaries and Wages (Gaji dan Upah) 50,400 Bad Debts (Hutang Lapuk] 5,200 Cash in Hand (Tunai dalam Tangan) 14.800 Cash at Bank (Tunai di Bank) 84,500 Inventory as al 1 April 2019 [inventori pada 1 April 2019) 112.000 Furniture and Fittings (Perabot dan Lengkapan) 51.000 Land and Building [Tanah dan Bangunan) 500.000 Motor Vehicles [Kenderaan Bermotor) 300,000 Accumulated depreciation - Furnitures and Fittings 21,300 [Susutnilai terkumpul - Perabot dan Lengkapan) Accumulated depreciation - Motor Vehicles 108,000 [Susutnilai terkumpul - Kenderaan Bermotor) 1.628.800 1.628.800 CamScanner
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started