2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation Current Assets Inventory Trade accounts receivables Bank Cash TOTAL ASSETS Financed by: Capital account: Balance as at 1 January Add: Net Profit Cash introduced Less: Drawings Non-current Liabilities Loan (repayable in 10 years' time) Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500. RM 5,600 6,400 900 220 37,040 35,200 72,240 (19.700) 10,000 6,300 : Prepared by RM 50,000 1,800 3,920 55,720 13,120 68,840 52,540 16,300 68,840 RM 2019 12,400 8,200 200 52,540 21,160 10,000 83,700 (21,600) 15,000 3,006 94 RM 50,000 2,000 7,400 59,400 20,800 80,200 62,100 18.100 80,200 Required: Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31 December 2019.
2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation Current Assets Inventory Trade accounts receivables Bank Cash TOTAL ASSETS Financed by: Capital account: Balance as at 1 January Add: Net Profit Cash introduced Less: Drawings Non-current Liabilities Loan (repayable in 10 years' time) Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500. RM 5,600 6,400 900 220 37,040 35,200 72,240 (19.700) 10,000 6,300 : Prepared by RM 50,000 1,800 3,920 55,720 13,120 68,840 52,540 16,300 68,840 RM 2019 12,400 8,200 200 52,540 21,160 10,000 83,700 (21,600) 15,000 3,006 94 RM 50,000 2,000 7,400 59,400 20,800 80,200 62,100 18.100 80,200 Required: Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31 December 2019.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. The following Statement of Financial Position was extracted from the books of
Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019.
Gagah Perkasa Sdn Bhd
Statement of Financial Position as at 31 December
2018
Non-current Assets
Buildings
Fixtures less Depreciation
Van less Depreciation
Current Assets
Inventory
Trade accounts receivables
Bank
Cash
TOTAL ASSETS
Financed by:
Capital account:
Balance as at 1 January
Add: Net Profit
Cash introduced
Less: Drawings
Non-current Liabilities
Loan (repayable in 10 years' time)
Current Liabilities
Account payable
Bank overdraft
TOTAL LIABILITIES
TOTAL LIABILITIES AND CAPITAL
Additional information at 31 December 2019:
• Fixtures bought in 2019 cost RM400.
• Van bought in 2019 cost RM5,500.
RM
5,600
6,400
900
220
37,040
35,200
72,240
(19.700)
10,000
6,300
:
Prepared by
RM
50,000
1,800
3,920
55,720
13,120
68,840
52,540
16,300
68,840
RM
2019
12,400
8,200
200
52,540
21,160
10,000
83,700
(21,600)
15,000
3,006
94
RM
50,000
2,000
7,400
59,400
20,800
80,200
62,100
18.100
80,200
Required:
Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31
December 2019.
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