A NotesA Tutorial 12b My Tutoring | bartlebyA classroom.google.com/u/0/c/MTG×ODY10TAZNZY4/a/MjYwOTgyOTk4Mjl2/detailsE Appssuccessive years are shown below,= BFT106 POA 22A SEM 1 2020/Statement of Financial Position as 31 December2019RM2020RMRMRMO TutorialNon Current AssetLand and premises (cost RM52,000)Plant and machinery:(Cost RM19,000)(Cost RM25,000)44,00040,000AssignedSHAFAWATY MOH3 points14,250d or create19,60059,60058.250Current AssetInventoryTrade account receivableHand-in your Tutork as Done6,60017,8006,30012,600Assignment mustPlease be remindperson's work as ydetected, marks wBank7.10024.40082,65026,00085,600FINANCED BY :Capital account:Balance at 1 JanuaryAdd: Net Profit for the yearThank you.42,00018.00047,00022.00060,000(13,000)47,00069,000(15,000)54,000Less:DrawingCurrent LiabilitiesTrade account payableBank overdraft22,00013,65011,600Class comments35,65011,600Non Current LiabilitiesLoan(repayable December 2022)20.00085,60082,650Required:Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December2020.9:27 PMP Type here to searchENG1/30/2021

Particulars RM RM Net Profit for the year 22000 Add; Depreciation being a non cash item 650…

Statement of Financial Position as 31 December 2019 2020 RM RM RM RM Hon Current Asset and and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset nventory rade account receivable Зank 6,300 12,600 7.100 6,600 17,800 24.400 82,650 26.000 85,600 FINANCED BY : Capital account: Balance at 1 January Add: Net Profit for the year 42,000 18.000 47,000 22.000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 ess:Drawing Current Liabilities rade account payable 22,000 11,600

Statement of Financial Position as 31 December 2019 2020 RM RM RM RM Hon Current Asset and and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset nventory rade account receivable Зank 6,300 12,600 7.100 6,600 17,800 24.400 82,650 26.000 85,600 FINANCED BY : Capital account: Balance at 1 January Add: Net Profit for the year 42,000 18.000 47,000 22.000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 ess:Drawing Current Liabilities rade account payable 22,000 11,600

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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1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below. Statement of Financial Position as 31 December 2019 RM RM 2020 RM RM Non Current Asset Land and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset Inventory Trade account receivable 6,600 17,800 6,300 12,600 7.100 Bank %3D 24.400 82,650 26.000 85.600 FINANCED BY : Capital account: Balance at 1 January Add: Net Profit for the year 42,000 47,000 18.000 22.000 60,000 (13,000) 47,000 69,000 |Less:Drawing |(15,000) 54,000 Current Liabilities Trade account payable Bank overdraft 22,000 13.650 11,600 35,650 11,600 Non Current Liabilities Loan(repayable December 2022) 20.000 85,600 82,650 Required: Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December 2020.
What is the Asset Turnover Ratio in 2020?