Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. accounting phonesup sdn bhd is a mobile phone di

Accounting Phonesup Sdn Bhd is a mobile phone distributor with a paid-up ordinary...

90.2K

Verified Solution

Question

Accounting

Accounting

image

Phonesup Sdn Bhd is a mobile phone distributor with a paid-up ordinary share capital of RM2.4 million. Details of the company's profit and loss account for the year ended 31 July 2021 are as follows: RM'000 Sales Less: Cost of sales RM'000 20,900 (16,250) 25,150 Operating expenses Administrative expenses Finance expenses Profit before taxation 1,197 784 231 (2,212) 2,438 Notes The total income / chargeable income of the company for YA2021 is RM2,212,000. Required Compute the tax payable of Phonesup Sdn Bhd for the year of assessment 2021. All workings must be clearly stated. Indicate nil in the appropriate column for any item that does not require adjustment in your tax computation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

I ve the equation f x g x using the graph given 10 6 12...

Geometry
Q

Leptin is a hormone that signals an organism to suppress appetite. Leptin is released from fat...

Medical Sciences
Q

After performing a spread plate method on a bacterial specimen, the culture was incubated for 48...

Biology
Q

Explain the distinction between cross-sectional research and longitudinal research. Which research technique is most appropriate when attempting...

Psychology
Q

2. What are some of the philosophical issues that should be considered between the change agent...

General Management
Q

An air bubble of radius 1 mm is located at a depth of 20 cm...

Physics
Q

The average resting heart rate of a population is 89 beats per minute with a...

Statistics
Q

Marriott, Yellow Cab, and NBC are pipeline businesses that have recently...

Accounting
Q

Fill in the blanks for each of the following independent scenarios (A-D). Do not enter...

Accounting
Q

You are required to: 1. Use the information in respect of Laser & Tiger Ltd...

Accounting
Q

Please answer both A and B (Cost of short-term bank loan) On July 1,2018,...

Finance
Q

Young, a CFA Institute member, is the research analyst responsible for following Night Prowler Security...

Finance