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Compute the total income of Wan Wan for YA 2021

Compute the total income of Wan Wan for YA 2021

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Wan Wan (individulal) is engaged in the production of chocolate product. For YA 2021, her aggregate income is RM8,000,000. She incurred the following donations: RM Cash donation to approved institution 40,000 Donation of t'shirt to M'sia Basketball Association, a body (organization) approved by 30,000 Commissioner of Sports Cash donation to Rakan Muda, a project of national interest approved by Minister of 40,000 Finance Cash donation to University Hospital, an approved organisation Cash donation to Government of Malaysia Sponsor 40 shoes to Formula 1, an approved sport activity by MOF Cash donation to "Cintai Negaraku", a project of national interest approved by the Minister of Finance Donations of Artefact, manuscript, or painting to government Cash donation to public or school libraries, institutions of higher education libraries S44(8) Cash donation for Provision of facilities in public places for disabled person Cash donation for Medical equipment to approved healthcare facility Donation painting to national or state art gallery Zakat Perniagaan Cash donation to Johor State Government Cash donation to Dewan Bandaraya Kuala Lumpur Compute the total income of Wan Wan for YA 2021 30,000 20,000 10,000 10,000 10,000 20,000 40,000 50,000 10,000 10,000 10,000 20,000
Transcribed Image Text:Wan Wan (individulal) is engaged in the production of chocolate product. For YA 2021, her aggregate income is RM8,000,000. She incurred the following donations: RM Cash donation to approved institution 40,000 Donation of t'shirt to M'sia Basketball Association, a body (organization) approved by 30,000 Commissioner of Sports Cash donation to Rakan Muda, a project of national interest approved by Minister of 40,000 Finance Cash donation to University Hospital, an approved organisation Cash donation to Government of Malaysia Sponsor 40 shoes to Formula 1, an approved sport activity by MOF Cash donation to "Cintai Negaraku", a project of national interest approved by the Minister of Finance Donations of Artefact, manuscript, or painting to government Cash donation to public or school libraries, institutions of higher education libraries S44(8) Cash donation for Provision of facilities in public places for disabled person Cash donation for Medical equipment to approved healthcare facility Donation painting to national or state art gallery Zakat Perniagaan Cash donation to Johor State Government Cash donation to Dewan Bandaraya Kuala Lumpur Compute the total income of Wan Wan for YA 2021 30,000 20,000 10,000 10,000 10,000 20,000 40,000 50,000 10,000 10,000 10,000 20,000
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