- Question 5 Zombie Berhad Has The Following Trial Balance At 31 December 2021 Revenue Purchases Returns Inwards Plant At 1 (52.68 KiB) Viewed 35 times
Question 5 Zombie Berhad has the following trial balance at 31 December 2021: Revenue Purchases Returns inwards Plant at cost Machinery at cost Office equipment at cost Accumulated depreciation-- Plant Accounts payable Long-term borrowing Accounts receivable Inventory -- Machinery -- Office equipment Cash and bank Administration expenses Long term borrowing interests Salaries and wages Marketing expenses Discount allowed Share capital Retained profits as at 1 Jan 2021 General Reserve Total RM 730,600 208,000 10,712,000 4,940,000 4,680,000 2,191,072 218,400 358,904 520,000 26,000 252,720 208,000 72,800 25.118,496 RM 7,602,504 936,000 988,000 520,000 629,200 1,040,000 8,320,000 4,602,208 480,584 25,118,496 ...5/
Additional information: • Inventory as at 31 December 2021 was RM447,200. • Provision for
company tax was RM429,520. • Depreciation 20% on cost per annum based on monthly pro rata basis to all non- current assets. • Share capital: RM7,800,000 ordinary shares and RM520,000 4% preference shares. • Ordinary share dividend proposed to be 6%. Long term borrowing interest where half year interest still owing. Required: Prepare
Statement of Comprehensive Income and
Statement of Financial Position as at 31 Dec 2021. (40 marks)