The following details taken from the books of DiDi Sdn Bhd for the year ending 31 December 2020. DiDi Sdn Bhd Statement Profit or Loss for the year ending 31 December 2020 (extract) RM RM Gross profit 44,700 Add : Discount received 410 Profit on sale of van 620 1,030 45,730 Less: Expenses Motor expenses 1,940 Wages 17,200 General expenses 830 Bad debts 520 Increase in allowance for doubtful debts 200 Depreciation : van 1,800 22,490 23,240 Statement of Financial Position as at 31 December 2019 2020 RM RM RM RM Non-current Assets Vans at cost 15,400 8,200 less Depreciation (5,300) (3,100) 10,100 5,100 Current Assets Inventory 18,600 24,000 Trade accounts receivables less provision* 8,200 6,900 Bank 410 720 27,210 31,620 37,310 36,720 Financed by : Capital account : Opening balance 17,210 21,410 Add : Net Profit 21,200 23,240 38,410 44,650 Less : Drawings (17,000) (22,630) 21,410 22,020 Non-current Liabilities Loan from Jon Bank 10,000 7,500 Current Liabilities Account payable 5,900 7,200 15,900 14,700 37,310 36,720 Required: Prepare statement of cash flow for DiDi Sdn Bhd for the year ended 31 December 2020.
- The following details taken from the books of DiDi Sdn Bhd for the year ending 31 December 2020.
DiDi Sdn Bhd
Statement Profit or Loss for the year ending 31 December 2020 (extract)
|
|
RM |
RM |
|
Gross profit |
|
44,700 |
|
Add : Discount received |
410 |
|
|
Profit on sale of van |
620 |
|
|
|
|
1,030 |
|
|
|
45,730 |
|
Less: Expenses |
|
|
|
Motor expenses |
1,940 |
|
|
Wages |
17,200 |
|
|
General expenses |
830 |
|
|
|
520 |
|
|
Increase in allowance for doubtful debts |
200 |
|
|
|
1,800 |
|
|
|
|
22,490 |
|
|
|
23,240 |
|
|
2019 |
|
2020 | |
|
|
RM |
RM |
RM |
RM |
|
Non-current Assets |
|
|
|
|
|
Vans at cost |
|
15,400 |
|
8,200 |
|
less Depreciation |
|
(5,300) |
|
(3,100) |
|
|
|
10,100 |
|
5,100 |
|
Current Assets |
|
|
|
|
|
Inventory |
18,600 |
|
24,000 |
|
|
Trade |
8,200 |
|
6,900 |
|
|
Bank |
410 |
|
720 |
|
|
|
|
27,210 |
|
31,620 |
|
|
|
37,310 |
|
36,720 |
|
Financed by : |
|
|
|
|
|
Capital account : |
|
|
|
|
|
Opening balance |
17,210 |
|
21,410 |
|
|
Add : Net Profit |
21,200 |
|
23,240 |
|
|
|
38,410 |
|
44,650 |
|
|
Less : Drawings |
(17,000) |
|
(22,630) |
|
|
|
|
21,410 |
|
22,020 |
|
Non-current Liabilities |
|
|
|
|
|
Loan from Jon Bank |
10,000 |
|
7,500 |
|
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
Account payable |
5,900 |
|
7,200 |
|
|
|
|
15,900 |
|
14,700 |
|
|
|
37,310 |
|
36,720 |
Required:
Prepare statement of
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