4BA21_041140597_-TMA-1.docx - BBM 206/05 BUSINESS ACCOUNTING II BBM 206/05 BUSINESS ACCOUNTING II Date of submission Name IC no Student ID H/P no

4BA21_041140597_-TMA-1.docx - BBM 206/05 BUSINESS...

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BBM 206/05 BUSINESS ACCOUNTING II BBM 206/05 BUSINESS ACCOUNTING II Date of submission [ ] On date [ ] Late Name KHOR HAO YUN IC no. 941222-07-5556 Student ID 041140597 H/P no. 014-3305125 Tutorial 4BA21 Tutor MR. KOAY ENG SENG 1
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BBM 206/05 BUSINESS ACCOUNTING II Table of Contents Question 1 ...................................................................................................................... 3 Question 1 (a) ............................................................................................................. 3 Question 1 (b) ............................................................................................................. 3 Question 2 ...................................................................................................................... 4 Question 3 ...................................................................................................................... 4 Question 3 (a) ............................................................................................................. 4 Question 3(b) .............................................................................................................. 4 Question 4 ...................................................................................................................... 5 Question 4 (a) ............................................................................................................. 5 Question 4 (b) ............................................................................................................. 5 Question 5 ...................................................................................................................... 5 Question 6 ...................................................................................................................... 6 Reference ........................................................................................................................ 9 2
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BBM 206/05 BUSINESS ACCOUNTING II Question 1 Question 1 (a) Statement of Comprehensive income for the year ended 30 April 2014. RM’000 RM’000 Sales revenue 813 (-)Return inward (47) 766 Cost of sales: Inventories- 1 May 2014 84 Purchases 516 Inventories- 31 April 2014 (74) (526) Gross profit 240 Discounts allowable 4 Administration costs (38-3) 35 Salaries (44+2) 46 Research cost written off 26 Bad Debts Written Off 77 Depreciation: Office equipment(20% x (33-8)) 5 Plant (10% x 83) 8.3 (201.3) Net profit 38.7 Question 1 (b) Statement of financial position as at 30 April 2014 Assets Cost Accumulate depreciation NBV Non- Current Asset Office equipment 33,000 21,300 11,700 Plant 83,000 13,000 70,000 81,700 Current Assets Inventories-31 April 2014 74,000 Receivable 198,000 Doubtful Debt Provision (23,000) Prepayment 3,000 Loan to Kah Wan 25,000 277,000 358,700 Equity Capital- 1 May 2014 230,000 Net Profit 38,700 3
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BBM 206/05 BUSINESS ACCOUNTING II Drawings (14,000) Capital- 31 December 2013 254,700 Current Liabilities 52,000 Payables 50,000 Bank Overdraft 2,000 Accruals 358,700 Question 2 Its ability to measure the reliably of the expenditure attributable to the intangible asset during its development.
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