2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 2019 RM RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables 5,600 6,400 12,400 8,200 Bank 900 Cash 220 200 13,120 68,840 20,800 80,200 TOTAL ASSETS Financed by: Capital account : Balance as at 1 January Add : Net Profit Cash introduced 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) 72,240 (19.700) Less : Drawings 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 3,006 94 6,300 16.300 68,840 18.100 80,200 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500.

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Chapter1: Financial Statements And Business Decisions
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2. The following Statement of Financial Position was extracted from the books of
Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019.
Gagah Perkasa Sdn Bhd
Statement of Financial Position as at 31 December
2018
2019
RM
RM
RM
RM
Non-current Assets
Buildings
Fixtures less Depreciation
Van less Depreciation
50,000
1,800
3,920
55,720
50,000
2,000
7,400
59,400
Current Assets
Inventory
Trade accounts receivables
Bank
5,600
6,400
900
12,400
8,200
Cash
220
200
13,120
68,840
20,800
80,200
TOTAL ASSETS
Financed by:
Capital account :
Balance as at 1 January
Add : Net Profit
37,040
35,200
52,540
21,160
10.000
83,700
(21.600)
Cash introduced
Less : Drawings
72,240
(19,700)
52,540
62,100
Non-current Liabilities
Loan (repayable in 10 years' time)
10,000
15,000
Current Liabilities
Account payable
Bank overdraft
6,300
3,006
94
18.100
80,200
TOTAL LIABILITIES
TOTAL LIABILITIES AND CAPITAL
16.300
68,840
Additional information at 31 December 2019:
• Fixtures bought in 2019 cost RM400.
• Van bought in 2019 cost RM5,500.
Prepared by: Puan Siti Nor Junita Mohd Radzi
Required:
Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31
December 2019.
Transcribed Image Text:2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 2019 RM RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables Bank 5,600 6,400 900 12,400 8,200 Cash 220 200 13,120 68,840 20,800 80,200 TOTAL ASSETS Financed by: Capital account : Balance as at 1 January Add : Net Profit 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Cash introduced Less : Drawings 72,240 (19,700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft 6,300 3,006 94 18.100 80,200 TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 16.300 68,840 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500. Prepared by: Puan Siti Nor Junita Mohd Radzi Required: Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31 December 2019.
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