Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. additional information: i. inventory at 31 decemb

Additional information: i. Inventory at 31 December 2022 amounted to RM52,360. ii. Rates...

60.1K

Verified Solution

Question

Accounting

image

Additional information:

i. Inventory at 31 December 2022 amounted to RM52,360.

ii. Rates owing RM280, office expenses owing RM190.

iii. Dividend of 10 per cent proposed.

iv. Transfers to reserves: General RM 1,000; Foreign exchange RM800.

v. Depreciation on cost: Buildings 5 per cent; Equipment 20 per cent.

Required:

Prepare the Statement of Comprehensive Income for the year ended 31 December 2022 and the Statement of Financial Position for Akima Sdn. Bhd. as at 31 December 2022. (40 marks)

The followina is the trial balance for Akima Sdn. Bhd. as at 31 December 2022

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

A large fast food restaurant is having a promotional game where game pieces can be...

Statistics
Q

Solve for x Assume that lines which 6 R C4 10 E Q 7x 2...

Geometry
Q

Choose one of the organ systems and determine the subject of homework. For the introduction part...

Medical Sciences
Q

As you consider attitudes and the three elements of affect, cognition and behavior, does the nature...

Psychology
Q

PLEASE GIVE BRIEF DEFINITIONS OF: ElGamal Asymetric algorithm symmetric algorithm Diffe-Hellman key aggrement How they are related each other and...

Electrical Engineering
Q

The Cantor set, C, is the set of real numbers r for which Tn(r) ? [0,1]...

Advance Math
Q

Solve the triangle. Round to the nearest tenth.In ASTR, t = 23, r = 29,...

Basic Math
Q

Use the Euclidean Algorithm to compute the GCD of a 1856316 and b 246840 a...

Algebra
Q

1) Three types of costs accumulated on job cost records that include direct materials, and...

Accounting
Q

Iroblem statement

Accounting
Q

Felonius Inc. has just paid a dividend of $1.23 per share. The firm pays annual...

Finance
Q

Explain why shareholders of a company are not bound by a company resolution which: 1....

Accounting