1. 2. 3. 4. 5. 6. XYZ Berhad Trial Balance as at 31 December 2021 RM...

    

Transcribed Image Text:

1. 2. 3. 4. 5. 6. XYZ Berhad Trial Balance as at 31 December 2021 RM Stock at 31 December 2021 Bank Prepaid expenses Accrued expenses Account Receivable Account Payable Gross profit Administrative expenses Selling and distribution expenses Financial charges Debenture interest Additional information: Interim dividend for preference share Tax paid for the year Provision for doubtful debt Loan Freehold property at cost Plant and machinery at cost Accumulated depreciation at 1 January 2021 - Freehold property - Plant and machinery 10% Debentures Share premium Issued and fully paid capital - Ordinary share of RM1 each - 5% Preference share of RM2 each General reserves Retained profit at 1 January 2021 Authorized capital consists of: 1,000,000 Ordinary shares of RM1 each 500,000 5% Preference shares of RM2 each 200,000 280,000 45,000 300,000 200,000 112,500 25,000 10,000 12,500 75,000 1,300,000 900,000 3,460,000 RM1,000,000 RM1,000,000 RM 150,000 350,000 720,000 10,000 30,000 100,000 330,000 200,000 50,000 500,000 500,000 100,000 200,000 3.460,000 Plant and machinery are depreciated at 20% on reducing balance method. Freehold property is estimated to have 50 years useful life. Depreciation on freeholdproperty is using straight line method. Provisions are to be made for second half year's debentures interest. Provision for doubtful debt is to be increased by RM2,000. During the Annual General Meeting the board of directors has proposed to declare a final dividend on the Ordinary shares of 10% dividend. The director also decided to transfer RM50,000 to the general reserves. Assume that you are a part of the team; a) Prepare XYZ Berhad a statement of profit or loss and other comprehensive income (combine statement format) for the year ended 31 December 2021. b) Prepare statement of changes in equity for the year ended 31 December 2021. c) Prepare statement of financial position for Bernaz Berhad as at 31 December 2021. You are suggested to follow a format from a recent statement of profit or loss and other comprehensive income and statement of financial position of any Malaysian listed company. 1. 2. 3. 4. 5. 6. XYZ Berhad Trial Balance as at 31 December 2021 RM Stock at 31 December 2021 Bank Prepaid expenses Accrued expenses Account Receivable Account Payable Gross profit Administrative expenses Selling and distribution expenses Financial charges Debenture interest Additional information: Interim dividend for preference share Tax paid for the year Provision for doubtful debt Loan Freehold property at cost Plant and machinery at cost Accumulated depreciation at 1 January 2021 - Freehold property - Plant and machinery 10% Debentures Share premium Issued and fully paid capital - Ordinary share of RM1 each - 5% Preference share of RM2 each General reserves Retained profit at 1 January 2021 Authorized capital consists of: 1,000,000 Ordinary shares of RM1 each 500,000 5% Preference shares of RM2 each 200,000 280,000 45,000 300,000 200,000 112,500 25,000 10,000 12,500 75,000 1,300,000 900,000 3,460,000 RM1,000,000 RM1,000,000 RM 150,000 350,000 720,000 10,000 30,000 100,000 330,000 200,000 50,000 500,000 500,000 100,000 200,000 3.460,000 Plant and machinery are depreciated at 20% on reducing balance method. Freehold property is estimated to have 50 years useful life. Depreciation on freeholdproperty is using straight line method. Provisions are to be made for second half year's debentures interest. Provision for doubtful debt is to be increased by RM2,000. During the Annual General Meeting the board of directors has proposed to declare a final dividend on the Ordinary shares of 10% dividend. The director also decided to transfer RM50,000 to the general reserves. Assume that you are a part of the team; a) Prepare XYZ Berhad a statement of profit or loss and other comprehensive income (combine statement format) for the year ended 31 December 2021. b) Prepare statement of changes in equity for the year ended 31 December 2021. c) Prepare statement of financial position for Bernaz Berhad as at 31 December 2021. You are suggested to follow a format from a recent statement of profit or loss and other comprehensive income and statement of financial position of any Malaysian listed company.