Syahril runs a fast-food outlet in Kuala Terengganu. The outlets statement of profit and loss...

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Accounting

Syahril runs a fast-food outlet in Kuala Terengganu. The outlets statement of profit and loss for the year ended 31 August 2015 is as follows:

Sales

100,000

Less:

Cost of sales

(30,000)

Gross profit

70,000

Less:

Expenditure

Staff salaries

9,000

Salary to proprietor

2,000

Medical expense for parents

5,000

Rental (business premises)

6,000

Utilities

4,000

Entertainment for suppliers

3,400

General provision for doubtful debts

2,000

Leave passage

2,500

Approved donation

1,300

(35,200)

34,800

Add: Other income

Dividend (net)

Adjusted Rental

900

600

1,500

Net profit before tax

36,300

Other information:

(1)

Some of the office equipment was disposed of during the year incurring a balancing charge of RM2,500.

(2)

The claim for capital allowances for the year is RM3,000.

Required:

Based on the above information, determine the total income of Syahril for the year of assessment 2015.

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