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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