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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 2019 RM RM 2018 RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 5,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables Bank Cash 5,600 6,400 900 220 13,120 68,840 12,400 8,200 200 TOTAL ASSETS 20,800 80,200 Financed by : Capital account : Balance as at 1 January Add: Net Profit Cash introduced 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Less : Drawings 72,240 (19.700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 6,300 3,006 16.300 68,840 94 18.100 80,200 Additional information at 31 December 2019: Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500.

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 2019 RM RM 2018 RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 5,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables Bank Cash 5,600 6,400 900 220 13,120 68,840 12,400 8,200 200 TOTAL ASSETS 20,800 80,200 Financed by : Capital account : Balance as at 1 January Add: Net Profit Cash introduced 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Less : Drawings 72,240 (19.700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 6,300 3,006 16.300 68,840 94 18.100 80,200 Additional information at 31 December 2019: Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500.

FINANCIAL ACCOUNTING
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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prepare statement of cashflow for gangsa perak sdn.bhd for the year 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 RM 2019 RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory 5,600 12,400 6,400 8,200 Trade accounts receivables Bank Cash 900 220 200 TOTAL ASSETS 13,120 68,840 20,800 80,200 Financed by : Capital account : Balance as at 1 January Add : Net Profit Cash introduced 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Less : Drawings 72,240 (19.700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 6,300 3,006 16.300 68,840 94 18.100 80,200 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500.
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 RM 2019 RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory 5,600 12,400 6,400 8,200 Trade accounts receivables Bank Cash 900 220 200 TOTAL ASSETS 13,120 68,840 20,800 80,200 Financed by : Capital account : Balance as at 1 January Add : Net Profit Cash introduced 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Less : Drawings 72,240 (19.700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 6,300 3,006 16.300 68,840 94 18.100 80,200 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500.
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