DeSermovil8j8jhia898nvne 1h7r/k9volu7gkh91ogf771 f041cqa0sh615k/1612079475000/drive/171896435980%1 / 41. The statement of financial position of Fateh Enterprise, a sole trader, for twosuccessive years are shown below.Statement of Financial Position as 31 December20202019RMRMRMRMNon Current AssetLand and premises (cost RM52,000)Plant and machinery:(Cost RM19,000)(Cost RM25,000)44,00040,00014,25019,60059,60058,250Current AssetInventoryTrade account receivable6,60017,8006,30012,6007,100Bank24.40082,65026.00085,600FINANCED BY:Capital account:Balance at 1 JanuaryAdd: Net Profit for the year42,00018.00047,00022,00060,000(13,000)47,00069,000(15,000)54,000Less:DrawingCurrent LiabilitiesTrade account payableBank overdraft22,00013,65011,60035,65011,600Non Current LiabilitiesLoan(repayable December 2022)20.00085.60082.650Required:Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December2020.Prepared by: Puan Siti Nor Junita Mohd Radzi

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Description: DeSermovil8j8jhia898nvne 1h7r/k9volu7gkh91ogf771 f041cqa0sh615k/1612079475000/drive/171896435980%1 / 41. The statement of financial position of Fateh Enterprise, a sole trader, for twosuccessive years are shown below.Statement of Financial Position

Given below is the required Cash flow statement:

Business

Accounting

1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below. Statement of Financial Position as 31 December 2020 2019 RM RM RM RM Non Current Asset Land and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset Inventory Trade account receivable Bank 6,300 12,600 7.100 6,600 17,800 24.400 82,650 26.000 85,600 FINANCED BY: Capital account: Balance at 1 January Add: Net Profit for the year 42,000 47,000 18.000 22.000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 Less:Drawing Current Liabilities Trade account pavable 22.000 11 600

1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below. Statement of Financial Position as 31 December 2020 2019 RM RM RM RM Non Current Asset Land and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset Inventory Trade account receivable Bank 6,300 12,600 7.100 6,600 17,800 24.400 82,650 26.000 85,600 FINANCED BY: Capital account: Balance at 1 January Add: Net Profit for the year 42,000 47,000 18.000 22.000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 Less:Drawing Current Liabilities Trade account pavable 22.000 11 600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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