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Question 5 The following information were extracted from lkat Bhd as at 31...

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Accounting

Question 5
The following information were extracted from lkat Bhd as at 31 December 2023.
Additional Information:
Inventory as at 31 December 2023 RM25,000,000.
Debts tataling RM4,000,000 were written off as bad debts, and the provision for doubuful debts is to be mairtained at 5% of remairing debtors.
Selling expenses of RM3,000,000 and administrative expenses of RM2,000,000 were owing as 31 December 2023.
Depreciation on:
Buildings at 2% con cost
Motor Vehicle and oflice equipment at 10% per annum on reducing balance basis.
The directors proposed to pary a dividend of 4% on paid up capital.
...8.
3
Required:
a. Prepare a Statemem of Comprehensive Income for the year ended 31 December 2023.
(24 marks)
b. Prepare a Statement of Financial Position as at 31 December 2023.
(16 marks)
END OF QUESTION PAPER
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