The financial manager of BMX Sdn. Bhd. drew up the following trial balance as at 30...
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The financial manager of BMX Sdn. Bhd. drew up the following trial balance as at 30 April 2021. C. Trial Balance as at 30 April 2021 Cr RM Dr RM 8,150 Utilities expenses Wages and salaries 54,200 Depreciation 18,240 Prepaid rent 14,850 Sales 169,000 Cash 12,583 Accounts payable 37,200 Account receivables 53,350 Office equipment 86,300 Accrual 2,324 Cost of goods sold 86,560 Bank overdraft 12,000 Common stock 113,709 334,233 334,233 Required: Referring to the above, calculate the following: i. Current liabilities. (3 marks) Total assets. (4 marks) ii. Gross profit. (2 marks) iv. Total operating expenses. (3 marks) v. Earning before interest and taxes. (2 marks) (Total: 20 marks) The financial manager of BMX Sdn. Bhd. drew up the following trial balance as at 30 April 2021. C. Trial Balance as at 30 April 2021 Cr RM Dr RM 8,150 Utilities expenses Wages and salaries 54,200 Depreciation 18,240 Prepaid rent 14,850 Sales 169,000 Cash 12,583 Accounts payable 37,200 Account receivables 53,350 Office equipment 86,300 Accrual 2,324 Cost of goods sold 86,560 Bank overdraft 12,000 Common stock 113,709 334,233 334,233 Required: Referring to the above, calculate the following: i. Current liabilities. (3 marks) Total assets. (4 marks) ii. Gross profit. (2 marks) iv. Total operating expenses. (3 marks) v. Earning before interest and taxes. (2 marks) (Total: 20 marks)
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Current Liabilities account Payable Bank overdraftAccural ... View the full answer
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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