Page 100 - Ebook Financial Accounting 3
P. 100
Example 5.1:
The following are the comparative Statement of Financial Position of Anggun Ltd as at 31
December 20X7 and 20X8 and the Statement of Comprehensive Income for the year 31
December 20X8:
Statement of Financial Position of Anggun Ltd as at 31 December 20X7 and 20X8
20X7 20X8
RM RM RM RM
Fixed Assets
Land - 50,000
Equipment 275,000 375,000
Less: Provision for 114,000 161,000 149,000 226,000
depreciation
Investment 50,000 -
Current Assets
Inventory 91,400 105,900
Trade Receivable 80,000 88,000
Cash at bank 50,500 221,900 72,000 265,900
432,900 541,900
Share Capital
Ordinary shares (RM1 each) 262,000 337,000
Retained earnings 96,900 125,900
Current Liabilities
Trade payables 57,000 59,000
Accrued expenses 7,000 5,000
Proposed dividends 10,000 74,000 15,000 79,000
432,900 541,900
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