Real Sdn Bhd did not keep his books of accounts under double entry system. Depreciation on Non-current asset is given at 10% using straight line method. Bank RM RM 8,000 Cash Purchases 40,000 Creditors 30,000 Sundry expenses Cartage Drawings 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Bal b/d Cash Sales Receipt from debtors Bal c/d 78,000 Other information: 31 December 2020 31 December 2021 Debtors 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 1,400 1,700 Creditors Inventory of Materials Office Equipment Furniture Discount allowed Discount received Required to show the following ledgers: i. Debtor's account 1. Creditor's account 111. Sales account

Real Sdn Bhd did not keep his books of accounts under double entry system. Depreciation on Non-current asset is given at 10% using straight line method. Bank RM RM 8,000 Cash Purchases 40,000 Creditors 30,000 Sundry expenses Cartage Drawings 14,000 20,000 6,000 2,000 To compute 28,000 78,000 Bal b/d Cash Sales Receipt from debtors Bal c/d 78,000 Other information: 31 December 2020 31 December 2021 Debtors 9,000 14,400 10,000 40,000 3,000 12,000 6,800 16,000 40,000 3,000 1,400 1,700 Creditors Inventory of Materials Office Equipment Furniture Discount allowed Discount received Required to show the following ledgers: i. Debtor's account 1. Creditor's account 111. Sales account

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please answer
Answer section A please.
Just answer the sub-part d. Thank you!
please answer
Answer asap
please answer ques no. 8,9
please answer part d,e
Answer part d, e and f
Please answer
plz answer asap
PROBLEM 4 – 7 Worship Company purchased 70% ownership of Faithful Company on January 1, 2019, at underlying book value. While each company has its own sales forces and independent product lines, there are substantial inter-corporate sales of inventory each period. The following inter- corporate sales occurred during 2019 and 2020: Cost of Unsold at Product Selling Price End of the Year Year Sold to Outsiders Year Seller Sold Виуer Faithful Со. Worship 2019 Co. Faithful Co. P896,000 P1,280,000 P200,000 2020 Worship Со. Faithful Со. 2020 P624,000 P960,000 P100,000 2021 Worship 2020 Co. P700,000 P910,000 P104,000 2021 The following data summarized the results of their financial operations for the year ended, December 31, 2020: Worship Company Faithful Company P4,150,000 1,920,000 920,000 456,000 70,000 P1,880,000 550,000 310,000 300,000 Sales Gross Profit Operating Expenses Ending Inventories Dividend from affiliate Dividend from non-affiliate 60,000 Required: 1. The Consolidated Sales…
Pls, answer the ff.