The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was...
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The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. (ii) Gross profit or loss Net profit or loss Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020 January - December Assumptions: Start Operation 1/1/2020 Cash Injected by owner Loan bank (6% for 6 years) Sales Sales (unit) Selling Price/Unit Purchase Costs/unit Purchase of Photostat machine (useful life = 8 years) paid cash RM 60,000 in January 2020 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation Maintenance Advertisements (for the year) Other RM RM RM RM RM Year 2020 70,000 20,000 13,000 25 10 60,000 4,000 2,000 500 300 300 3,000 200 The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. (ii) Gross profit or loss Net profit or loss Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020 January - December Assumptions: Start Operation 1/1/2020 Cash Injected by owner Loan bank (6% for 6 years) Sales Sales (unit) Selling Price/Unit Purchase Costs/unit Purchase of Photostat machine (useful life = 8 years) paid cash RM 60,000 in January 2020 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation Maintenance Advertisements (for the year) Other RM RM RM RM RM Year 2020 70,000 20,000 13,000 25 10 60,000 4,000 2,000 500 300 300 3,000 200
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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