1.the interest amounting rm500000 consist the following debenture interest paid rm281250 2018 full year interest on bank...
Question:
1.the interest amounting rm500000 consist the following
debenture interest paid rm281250
2018 full year interest on bank load paid 175000
2017 interest on bak loan paid in jan 2018
2.on 10 february 2019 shiny sdn bhd who owed topan bhd an amount of rm750000 was declared bancrupt and the company has announced that they can only pay 30% of the amount owed
3. the auditors relized that the opening carrying amount of the plant n equipment was overstated by rm200000. upon investigation, the account clerk admitted that he failed to account for depreciation expenses of the plant n equipment in 2017 account
prepare the journal entries to account for transaction for the year ended 31 dec 2018
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy