Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

RosmieSdnBhd Innomn Ctatnmnnt farthn norind andinn on Contomhnr on17 JFINISS/December 2023 7 RosmieSdnBhd Income Statement for the period ending 30 September 2017 Sales Less Return

image text in transcribed

image text in transcribed

RosmieSdnBhd Innomn Ctatnmnnt farthn norind andinn on Contomhnr on17 JFINISS/December 2023 7

RosmieSdnBhd Income Statement for the period ending 30 September 2017 Sales Less Return Inwards Less: Cost of Goods Sold Opening Inventory Purchases Less: Closing Inventory Gross Profit Less: Business Expenses Net Profit 2,000 5 800 7,800 1 800 RosmieSdnBhd 10,000 500 9,500 6 ooo 3,500 3 ooo 500 Statement of Financial Position as at 30 September 2017 Fixed Asset 'F/N/SS/December 2023 Building Furniture & Fixtures Motor Vehicle Current Assets Inventory Accounts Receivable Bank TOTAL ASSETS Current Liabilities Accounts Payable Accrued Expenses Long Term Liabilities Capital Balance 1.1.2016 Add: Net Profit Less: Drawings Cost 5,000 3,000 2 ooo 10 ooo 1,800 1,400 1 600 800 200 Accumulated Depreciation RM 1,000 500 500 2 ooo 500 200 TOTAL LIABILITIES AND OWNER'S EQUITY 6 RM 4,000 2,500 1 500 8,000 4 800 12800 1,000 3,500 8,000 300 12 800

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

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

12th Edition

0324100949, 978-0324100945

More Books

Students also viewed these Accounting questions

Question

Explain how religious attitudes affect firm behavior.

Answered: 1 week ago