Additional information: i. Inventory at 31 December 2022 amounted to RM52,360. ii. Rates...
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Accounting
Additional information:
i. Inventory at 31 December 2022 amounted to RM52,360.
ii. Rates owing RM280, office expenses owing RM190.
iii. Dividend of 10 per cent proposed.
iv. Transfers to reserves: General RM 1,000; Foreign exchange RM800.
v. Depreciation on cost: Buildings 5 per cent; Equipment 20 per cent.
Required:
Prepare the Statement of Comprehensive Income for the year ended 31 December 2022 and the Statement of Financial Position for Akima Sdn. Bhd. as at 31 December 2022. (40 marks)
The followina is the trial balance for Akima Sdn. Bhd. as at 31 December 2022
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