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

Define the following term using 1 or 2 complete sentences (not just key words). ERP System
Define APR
please help me
Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…
Please provide answer to questions a to c
should be answered in the format below
Please provide solutions to sub parts 4 to 7
How about Question D and E?
please explain the answer B ?
None
can you answer d
What is the importance of a Form 8-K? What is the importance of a proxy statement?