acc302 - ACC302 The following list of balances has been...

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ACC302 The following list of balances has been extracted from the records of Ruby Bhd as at 31 December 2009, the end of its most recent financial year. Ruby Bhd List of balances as at 31 December 2009 Allowance for doubtful debts, as at 31 December 2008 ( 2) 26 Bank loans due after more than 1 year 280 Bank loans due within 1 year 100 Cash and cash equivalents 168 Corporation tax ( 3) 65 Debentures, repayable on 31 December 2010 500 Debentures, repayable on 31 December 2011 300 Deferred tax ( 3) 185 Development expenditure ( 4) 400 Dividends paid ( 5) 360 Investment properties ( 6) 450 Proceeds on sale of non-current assets ( 7) 130 Equipment, at cost ( 8) 980 Properties, at cost ( 8) 2,000 Accumulated depreciation, as at 31 December 2008: Equipment ( 8) 590 Properties ( 8) 210 Goodwill, at cost ( 9) 510 Inventory, as at 31 December 2008 480 Net finance costs 57 Operating expenses 1,136 Ordinary shares of 50 cents each ( 10) 900
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Purchases 6,817 Retained earnings 867 Revaluation reserve 180 Sales 9,540 Share premium ( 10) 350 Short-term investments 185 Trade payables 510 Trade receivables ( 2) 1,060 The following additional information is available: 1. Inventory as at 31 December 2009 has been valued at RM543,000. 2. The allowance for doubtful debts is to be updated so that it is 6% of trade receivables
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acc302 - ACC302 The following list of balances has been...

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