CY Digital Trading Statement of Comprehensive Income for the year ended 31 December 2015 RM RM Gross Profit 45,110 Add : Profit on sale of van 620 45,730 Less: Motor Repairs Expenses Wages General Expenses Bad Debts Expenses Increase in allowance for doubtful debts 1,940 17,200 830 520 200 Depreciation of van 1,800 22,490 Net Profit 23,240 CY Digital Trading Statement of Financial Position as at 31 December 2015 2014 2015 RM RM RM RM Owner's equity Capital Add: Net profit Less: Drawings 17,210 21,200 (17,000) 21.410 21,410 23,240 (22.630) 22,020 Assets Non-current assets 15,400 (5.300) 8,200 (3.100) Van Less:Accumulated depreciation 10,100 5,100 Currents assets Inventory Account receivables Bank 18,600 8,200 410 24,000 6,900 720 27,210 37,310 31,620 36,720 Non-Current Liabilities Bank loan 10,000 7,500 (14,700) 22,020 Note: A van was sold for RM3,820 during year 2015. No new vans were purchased during Current Liabilities Account payables (15,900) 21,410 5.900 1,200 the year. [Nota: Van telah dijual pada harga RM3,820 pada tahun 2015. Tlada van baru yang dibeli pada tahun semasa.] prepare statement of cash flows for the year ending 31 December 2015.

CY Digital Trading Statement of Comprehensive Income for the year ended 31 December 2015 RM RM Gross Profit 45,110 Add : Profit on sale of van 620 45,730 Less: Motor Repairs Expenses Wages General Expenses Bad Debts Expenses Increase in allowance for doubtful debts 1,940 17,200 830 520 200 Depreciation of van 1,800 22,490 Net Profit 23,240 CY Digital Trading Statement of Financial Position as at 31 December 2015 2014 2015 RM RM RM RM Owner's equity Capital Add: Net profit Less: Drawings 17,210 21,200 (17,000) 21.410 21,410 23,240 (22.630) 22,020 Assets Non-current assets 15,400 (5.300) 8,200 (3.100) Van Less:Accumulated depreciation 10,100 5,100 Currents assets Inventory Account receivables Bank 18,600 8,200 410 24,000 6,900 720 27,210 37,310 31,620 36,720 Non-Current Liabilities Bank loan 10,000 7,500 (14,700) 22,020 Note: A van was sold for RM3,820 during year 2015. No new vans were purchased during Current Liabilities Account payables (15,900) 21,410 5.900 1,200 the year. [Nota: Van telah dijual pada harga RM3,820 pada tahun 2015. Tlada van baru yang dibeli pada tahun semasa.] prepare statement of cash flows for the year ending 31 December 2015.

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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