Answered: Less: Drawings (17.000) (22.630) 21,410… | bartleby

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 Cash Flow for Gangsa Perak Sdn Bhd for the ended 31
December 2019.
3. The following details taken from the books of DIDI Sdn Bhd for the year ending 31
December 2020.
DIDI Sdn Bhd
Statement Profit or Loss for the year ending 31 December 2020 (extract)
RM
Gross profit
Add: Discount received
Profit on sale of van
RM
44,700
410
620
1.030
45,730
Less: Expenses
Motor expenses
Wages
General expenses
Bad debts
Increase in allowance for doubtful debts
1,940
17,200
830
520
200
1.800
Depreciation : van
22.490
23,240
Statement of Financial Position as at 31 December
2019
2020
RM
RM
RM
RM
Non-current Assets
Vans at cost
less Depreciation
15,400
(5,300)
10,100
8,200
(3.100)
5,100
Current Assets
Inventory
Trade accounts receivables less
provision*
Bank
18,600
8,200
24,000
6,900
720
410
27,210
37,310
31,620
36,720
Financed by:
Capital account :
Opening balance
Add : Net Profit
17,210
21,200
21,410
23.240

38,410
(17.000)
44,650
(22.630)
Less : Drawings
21,410
22,020
Non-current Liabilities
Loan from Jon Bank
10,000
7,500
Current Liabilities
Account payable
5,900
7,200
15.900
37,310
14.700
36.720
Required:
Prepare statement of cash flow for DiDi Sdn Bhd for the year ended 31 December
2020.

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