Cekap Perkasa Bhd is an investment holding company (IHC) listed on the Bursa Malaysia since the year
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Question:
Cekap Perkasa Bhd is an investment holding company (IHC) listed on the Bursa Malaysia since the year 2016. For the year of assessment 2020, the gross income received and expenses incurred are as follows:
Source of income | Gross income (RM) | Direct expenses (RM) |
Interest | 250,000 | 200,000 |
Management fees | 80,000 | 30,000 |
Total gross income | 330,000 | |
Common expenses | 70,000 |
Required:
Determine the total income of Cekap Perkasa Bhd for the year of assessment 2020.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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