able 3.1: Financial Statement for A2zes Company. Item Sales Property, plant and equipment Account Receivables Cash and bank balances Creditors Overdraft Cost of sales Other income Selling and distribution costs Administrative expenses Purchases Beginning stock Salaries Vehicle Capital Owner's draw Repair & maintenance Insurance Value (RM) 2,300,000 136,500 62,547 153,080 80,000 5,000 550,000 87,475 50,900 73,200 630,000 200,500 170,300 8,000 75,587 12,000 150,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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3
Table 3.1: Financial Statement for A2zes Company.
Value (RM)
2,300,000
136,500
62,547
153,080
80,000
5,000
550,000
87,475
50,900
73,200
Item
Sales
Property, plant and equipment
Account Receivables
Cash and bank balances
Creditors
Overdraft
Cost of sales
Other income
Selling and distribution costs
Administrative expenses
Purchases
Beginning stock
Salaries
Vehicle
Capital
Owner's draw
Repair & maintenance
Insurance
Utilities
Other relevant information are as follows;
1) Depreciation has been decided for property, plant and equipment is 3% and for
vehicle is 10%.
630,000
200,500
170,300
8,000
75,587
12,000
150,000
20,000
15000
2) The total tax to be paid is 10%.
3) Dividend 60% to the shareholders for the financial year ending 31" December
2021.
(a)
(b) Construct a Balance Sheet for the company.
Construct an Income Statement for the company.
Transcribed Image Text:3 Table 3.1: Financial Statement for A2zes Company. Value (RM) 2,300,000 136,500 62,547 153,080 80,000 5,000 550,000 87,475 50,900 73,200 Item Sales Property, plant and equipment Account Receivables Cash and bank balances Creditors Overdraft Cost of sales Other income Selling and distribution costs Administrative expenses Purchases Beginning stock Salaries Vehicle Capital Owner's draw Repair & maintenance Insurance Utilities Other relevant information are as follows; 1) Depreciation has been decided for property, plant and equipment is 3% and for vehicle is 10%. 630,000 200,500 170,300 8,000 75,587 12,000 150,000 20,000 15000 2) The total tax to be paid is 10%. 3) Dividend 60% to the shareholders for the financial year ending 31" December 2021. (a) (b) Construct a Balance Sheet for the company. Construct an Income Statement for the company.
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