T"Business Accounting 1" by F. Wood & other--Chapter 45 Question no. 45.11A) Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5: Given the following information as at 30 April 20X5, draw up the Statement of Profit or Loss, an extract of the Statement of Changes in Equity (showing the movements in retained carnings) and the Statement of Financial Position for the year to that date: Dr RM 150,000 ordinary share capital 50,000 non-redeemable preference share Inventory as at 30 April 20X4 Cr RM 150,000 50,000 (i) Inventory RM111,317. (ii) Accrued: rent RM802; Directors' remuneration RM6,000. (iii) Loan note interest % year's interest owing. 102,994 227,219 Accounts receivable 54,818 40,000 30,000 15,000 12,411 Accounts payable 8% loan notes Non-current assets replacement reserve General reserve Retained carnings as at 30 April 20X4 Loan note interest 1,600 225,000 57,200 4,973 62 Equipment at cost Motor vehieles at cost Bank Cash Sales Purchases Returns inwards 880,426 Carriage inwards Wages and salaries Rent, business rates and insurance Discounts allowed Directors' remuneration 419,211 18,400 1,452 123,289 16,240 3,415 82,400 Accumulated depreciation at 30 April 20X4: Equipment Motor vehicles 32,600 18,200 1,283,455 1,283,455
T"Business Accounting 1" by F. Wood & other--Chapter 45 Question no. 45.11A) Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5: Given the following information as at 30 April 20X5, draw up the Statement of Profit or Loss, an extract of the Statement of Changes in Equity (showing the movements in retained carnings) and the Statement of Financial Position for the year to that date: Dr RM 150,000 ordinary share capital 50,000 non-redeemable preference share Inventory as at 30 April 20X4 Cr RM 150,000 50,000 (i) Inventory RM111,317. (ii) Accrued: rent RM802; Directors' remuneration RM6,000. (iii) Loan note interest % year's interest owing. 102,994 227,219 Accounts receivable 54,818 40,000 30,000 15,000 12,411 Accounts payable 8% loan notes Non-current assets replacement reserve General reserve Retained carnings as at 30 April 20X4 Loan note interest 1,600 225,000 57,200 4,973 62 Equipment at cost Motor vehieles at cost Bank Cash Sales Purchases Returns inwards 880,426 Carriage inwards Wages and salaries Rent, business rates and insurance Discounts allowed Directors' remuneration 419,211 18,400 1,452 123,289 16,240 3,415 82,400 Accumulated depreciation at 30 April 20X4: Equipment Motor vehicles 32,600 18,200 1,283,455 1,283,455
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![ABFA1173 Principles of Accounting
Question 4
["Business Accounting 1" by F. Wood & other-Chapter 45 Question no. 45.11A]
Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5:
Given the following information as at 30 April 20X5, draw up the Statement of
Profit or Loss, an extract of the Statement of Changes in Equity (showing the
movements in retained earnings) and the Statement of Financial Position for the
Dr
Cr
RM
RM
year to that date:
150,000 ordinary share capital
50,000 non-redeemable preference share
Inventory as at 30 April 20X4
150,000
50,000
(i) Inventory RM111,317.
(ii) Accrued: rent RM802; Directors' remuneration RM6,000.
(iii) Loan note interest % ycar's interest owing.
102,994
227,219
Accounts receivable
Accounts payable
8% loan notes
Non-current assets replacement reserve
General reserve
Retained earnings as at 30 April 20X4
Loan note interest
54,818
40,000
30,000
15,000
12,411
1,600
225,000
57,200
4,973
Equipment at cost
Motor vehicles at cost
Bank
Cash
62
Sales
880,426
Purchases
419,211
18,400
1,452
123,289
16,240
3,415
82,400
Returns inwards
Carriage inwards
Wages and salaries
Rent, business rates and insurance
Discounts allowed
Directors' remuneration
Accumulated depreciation at 30 April 20X4:
Equipment
Motor vehicles
32,600
18,200
1,283,455 1,283,455](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F168c83fe-6715-43f7-bc98-5661bdc8f90c%2F3da360b3-d573-4ff1-a706-277dbabce1b4%2Fz7vs21_processed.png&w=3840&q=75)
Transcribed Image Text:ABFA1173 Principles of Accounting
Question 4
["Business Accounting 1" by F. Wood & other-Chapter 45 Question no. 45.11A]
Here is the trial balance of Falta Sdn Bhd as at 30 April 20X5:
Given the following information as at 30 April 20X5, draw up the Statement of
Profit or Loss, an extract of the Statement of Changes in Equity (showing the
movements in retained earnings) and the Statement of Financial Position for the
Dr
Cr
RM
RM
year to that date:
150,000 ordinary share capital
50,000 non-redeemable preference share
Inventory as at 30 April 20X4
150,000
50,000
(i) Inventory RM111,317.
(ii) Accrued: rent RM802; Directors' remuneration RM6,000.
(iii) Loan note interest % ycar's interest owing.
102,994
227,219
Accounts receivable
Accounts payable
8% loan notes
Non-current assets replacement reserve
General reserve
Retained earnings as at 30 April 20X4
Loan note interest
54,818
40,000
30,000
15,000
12,411
1,600
225,000
57,200
4,973
Equipment at cost
Motor vehicles at cost
Bank
Cash
62
Sales
880,426
Purchases
419,211
18,400
1,452
123,289
16,240
3,415
82,400
Returns inwards
Carriage inwards
Wages and salaries
Rent, business rates and insurance
Discounts allowed
Directors' remuneration
Accumulated depreciation at 30 April 20X4:
Equipment
Motor vehicles
32,600
18,200
1,283,455 1,283,455
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