Prepare statement of cash flow for ShafNita Sdn. Bhd. for the year ended 31 December 2020 Question 5[Soalan 5]The following statements was extracted from the books of ShafNita Sdn. Bhd. at 31 December2019 and 2020.[Berikut adalah penyata-penyata yang diekstrak daripada buku-buku ShafNita Sdn. Bhd. pada 31 Disember 2019dan 2020.]ShafNita Sdn. Bhd.Statement of Financial Position as at 31 December20192020RMRMRMRMNon Current AssetsBuildingFixtures less accumulated depreciationVan less accumulated depreciation100,000100,0003,6004,0007,84014,800111,440118,800Current AssetInventory11,20024,800Trade account receivable12,80016,400Bank1,800Cash44040026,24041,600Total assets137,680160,400Finance by:Capital account:Balance at 1 JanuaryAdd: Net profit for the year74,080105,08070,40042,320Cash introduced20,000144,480167,400Less: Drawings(39,400)(43,200)105,080124,200Non Current LiabilitiesLoan (repayable in 10 years time)20,00030,000Current LiablitiesAccount Payable12,6006,012Bank overdraft188Retained earnings32,60036,200Total liabilities and equity137,680160,400 Additional information at 31 December 2020:[Maklumat tambahan pada 31 Disember 2020:]• Fixtures bought in 2020 cost RM800.[Lengkapan dibeli pada 2020 bernilai RM800.]Van bought in 2020 cost RM11,000.[Van dibeli pada 2020 bernilai RM11,000.]Required:[Dikehendaki:]Prepare statement of cash flow for ShafNita Sdn. Bhd. for the year ended 31 December 2020.[Sediakan penyata aliran tunai untuk ShafNita Sdn. Bhd. bagi tahun berakhir 31 Disember 2020.]

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Answered: Prepare statement of cash flow for…

Business

Accounting

Prepare statement of cash flow for ShafNita Sdn. Bhd. for the year ended 31 December 2020

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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