Presto Berhad has been particularly concerned with its liquidity position in recent months. The most recent income statement and balance sheet of the business are as follows: Income Statement for the year ended 30 September 2022 RM000 Sales revenue Less Cost of Sales Opening inventories Add Purchases Less Closing Inventories Gross Profit Expenses Net loss for the period Non-current assets Freehold premises Fixtures and Fittings (Carrying Amount) Motor Vehicles (Carrying Amount Current Assets Inventories Receivables Balance Sheet as at 30 September 2022 Less Current Liabilities Trade payables Bank overdraft 125 341 466 (143) 143 163 306 145 140 (285) RM000 452 (323) 129 (132) 280 25 52 357 21

Presto Berhad has been particularly concerned with its liquidity position in recent months. The most recent income statement and balance sheet of the business are as follows: Income Statement for the year ended 30 September 2022 RM000 Sales revenue Less Cost of Sales Opening inventories Add Purchases Less Closing Inventories Gross Profit Expenses Net loss for the period Non-current assets Freehold premises Fixtures and Fittings (Carrying Amount) Motor Vehicles (Carrying Amount Current Assets Inventories Receivables Balance Sheet as at 30 September 2022 Less Current Liabilities Trade payables Bank overdraft 125 341 466 (143) 143 163 306 145 140 (285) RM000 452 (323) 129 (132) 280 25 52 357 21

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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