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A. Amirah works as Accounts Executive in Blulnc Sdn Bhd and receives annual salary of RM72,000. In the evening, she runs a coffee shop which is located opposite her office. She commenced the business on 4 March 2019 the same day she celebrates her 25th birthday. REQUIRED: Determine the basis period for Amirah for the year of assessment 2019 for her: (1) (ii) employment income business income

A. Amirah works as Accounts Executive in Blulnc Sdn Bhd and receives annual salary of RM72,000. In the evening, she runs a coffee shop which is located opposite her office. She commenced the business on 4 March 2019 the same day she celebrates her 25th birthday. REQUIRED: Determine the basis period for Amirah for the year of assessment 2019 for her: (1) (ii) employment income business income

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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А. Amirah works as Accounts Executive in Blulnc Sdn Bhd and receives annual salary of RM72,000. In the evening, she runs a coffee shop which is located opposite her office. She commenced the business on 4 March 2019 the same day she celebrates her 25th birthday. REQUIRED: Determine the basis period for Amirah for the year of assessment 2019 for her: (i) (ii) employment income business income Harum Mekar Sdn Bhd commenced its operation on 1 October 2017. The company supplies floral table arrangement to hotels and hospitals. The first set of accounts was closed on 31 March 2018. В. REQUIRED: Determine the basis period for Harum Mekar Sdn Bhd for the relevant years of assessment until 2019. C. Kandamana Sdn Bhd sells decorative items since it commenced business in year 2006. The accounting date of the company is 30 September each year. After the financial year ends on 30 September 2019, the company plans to change its accounting date to other dates. The proposed accounting dates are as follows: (i) 31 December 2019 (ii) 31 December 2020 REQUIRED: Determine the basis period for Kandamana Sdn Bhd for each proposed date for the years of assessment 2019 until 2020. D. Qash Sdn Bhd has been in designing and printing business since 2010. The company closes its accounts on 31 December annually. The company was doing very well until one of the designers resigned in 2017. In 2018, the company ventured into new business selling stationaries and computer accessories. The new business started its operation on 12 October 2018. REQUIRED: Determine the basis period for Qash Sdn Bhd for the old and new business for the year of assessment 2018 until 2019. Kekedot House Sdn Bhd has been in bakery business for ten years. The company involves in supplying cakes, brownies, puddings to hotels and caterers around Alor Setar, Kedah. Its financial year end is on 30 June. In 2016, after closing its accounts on 30 June 2016, the top management of the company decided to change its E.
Transcribed Image Text:А. Amirah works as Accounts Executive in Blulnc Sdn Bhd and receives annual salary of RM72,000. In the evening, she runs a coffee shop which is located opposite her office. She commenced the business on 4 March 2019 the same day she celebrates her 25th birthday. REQUIRED: Determine the basis period for Amirah for the year of assessment 2019 for her: (i) (ii) employment income business income Harum Mekar Sdn Bhd commenced its operation on 1 October 2017. The company supplies floral table arrangement to hotels and hospitals. The first set of accounts was closed on 31 March 2018. В. REQUIRED: Determine the basis period for Harum Mekar Sdn Bhd for the relevant years of assessment until 2019. C. Kandamana Sdn Bhd sells decorative items since it commenced business in year 2006. The accounting date of the company is 30 September each year. After the financial year ends on 30 September 2019, the company plans to change its accounting date to other dates. The proposed accounting dates are as follows: (i) 31 December 2019 (ii) 31 December 2020 REQUIRED: Determine the basis period for Kandamana Sdn Bhd for each proposed date for the years of assessment 2019 until 2020. D. Qash Sdn Bhd has been in designing and printing business since 2010. The company closes its accounts on 31 December annually. The company was doing very well until one of the designers resigned in 2017. In 2018, the company ventured into new business selling stationaries and computer accessories. The new business started its operation on 12 October 2018. REQUIRED: Determine the basis period for Qash Sdn Bhd for the old and new business for the year of assessment 2018 until 2019. Kekedot House Sdn Bhd has been in bakery business for ten years. The company involves in supplying cakes, brownies, puddings to hotels and caterers around Alor Setar, Kedah. Its financial year end is on 30 June. In 2016, after closing its accounts on 30 June 2016, the top management of the company decided to change its E.
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