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Question 3 Part A Nizam and Hafiz who share profits and losses equally, decide to dissolve their partnership as at 30th June 2019. Their statement of financial position on that date was as follows: (RM) (RM) Non-current assets Buildings 160,000 Tools and Fixtures 5,800 165,800 Current assets Trade receivable 16.800 Cash 1.200 18,000 183.800 Current liability Trade payable 8,200 Capital account Nizam Hafiz 105,360 70,240 183,800 Additional information: i. Trade receivable realised at RM16,400, buildings at RM132,000 and the tools and fixtures at RM3.600. ii. The expenses of dissolution were RM800. RM600 discounts were received from creditors. iii. Required Prepare the following accounts: a) Realisation account b) Partners' capital account c) Cash account (6 marks) (4 marks) (5 marks) Continued... RT TEA2064 ESSENTIALS DE FINANCIAL ACCOUNTING 15 OCTOBER 2020 Part B The following information is provided by Harsha Berhad as at 31 December 2019. (RM) Operating profit 60,000 Depreciation 6,000 Gain on sale of fixtures and fittings 1.000 Decrease in allowance for doubtful debts 800 Increase in trade payable 2.000 Decrease in trade receivable 1,300 Increase in inventories 5,000 Required Prepare the cash flows from the operating activities section using the indirect method for the year ended 31 December 2019. (10 marks) (