Question 5Zombie Berhad has the following trial balance at 31 December 2021:RevenuePurchasesReturns inwardsPlant at costMachinery at costOffice equipment at costAccumulated depreciation-- PlantAccounts payableLong-term borrowingAccounts receivableInventory-- Machinery- Office equipmentCash and bankAdministration expensesLong term borrowing interestsSalaries and wagesMarketing expensesDiscount allowedShare capitalRetained profits as at 1 Jan 2021General ReserveTotalRM730,600208,00010,712,0004,940,0004,680,0002,191,072218,400358,904520,00026,000252,720208,00072,80025,118,496RM7,602,504936,000988,000520,000629,2001,040,000• Ordinary share dividend proposed to be 6%.Long term borrowing interest where half year interest still owing.8,320,0004,602,208480,58425,118,496..5/-Additional information:• Inventory as at 31 December 2021 was RM447,200.• Provision for company tax was RM429,520.• Depreciation 20% on cost per annum based on monthly pro rata basis to all non-current assets.• Share capital: RM7,800,000 ordinary shares and RM520,000 4% preferenceshares.Required:Prepare Statement of Comprehensive Income and Statement of Financial Position as at31 Dec 2021.

Financial statements (FS) are those which are prepared usually at the end of the period or fiscal…

Zombie Berhad has the following trial balance at 31 December 2021: Revenue Purchases Returns inwards Plant at cost Machinery at cost Office equipment at cost Accumulated depreciation-- Plant Accounts payable Long-term borrowing Accounts receivable Inventory Cash and bank Administration -- Machinery --Office equipment RM 730,600 208,000 10,712,000 4,940,000 4,680,000 2,191,072 218,400 358,904 500.000 RM 7,602,504 936,000 988,000 520,000 629,200 1,040,000

Zombie Berhad has the following trial balance at 31 December 2021: Revenue Purchases Returns inwards Plant at cost Machinery at cost Office equipment at cost Accumulated depreciation-- Plant Accounts payable Long-term borrowing Accounts receivable Inventory Cash and bank Administration -- Machinery --Office equipment RM 730,600 208,000 10,712,000 4,940,000 4,680,000 2,191,072 218,400 358,904 500.000 RM 7,602,504 936,000 988,000 520,000 629,200 1,040,000

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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