His other business is Lapaq Kueh Enterprise that supplies Malay traditional desserts to hotels in...

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Accounting

  1. His other business is Lapaq Kueh Enterprise that supplies Malay traditional desserts to hotels in Kuala Lumpur. This is Dato Idhams new business venture, which commenced on 1 March 2019. Dato Idham is not involved in managing the day-to-day operation of the business. Instead, he appointed Puan Isabella as the General Manager. The business does not have a proper accounting system yet, but Dato Idham provided you with the following information:

RM

Total sales

845,980

Cost of materials

721,540

Remuneration of Puan Isabella, the General Manager

82,000

Allowance for Dato' Idham

60,000

Remuneration of two kitchen assistance

27,000

Delivery cost

3,740

Rental and utilities

13,280

Other overhead expenses

15,430

Marketing

9,820

Purchase of equipment on 18 February 2019

22,600

Purchase of delivery van on 25 March 2019

84,000

  1. During the year, Dato Idham received dividend income from companies of which he is the major shareholder (all Malaysian companies) amounted to RM125,000. In addition, he also sits as a member of the board of directors in those companies. Total allowances and other remuneration received by him throughout 2019 amounted to RM88,400.

  1. Dato Idham has investment in fixed deposit accounts and unit trusts. In 2019, incomes from investment in fixed deposit accounts and unit trusts amount to RM23,680 and RM18,930 respectively.

  1. In September 2019, Dato Idham was invited to host a special talk show which was aired in television a month later. He was paid RM8,000 for this.

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