Page 101 - Ebook Financial Accounting 3
P. 101
Statement of Comprehensive Income for the year 31 December 20X8
RM RM
Sales 919,500
Cost of goods sold 550,000
Gross profit 369,500
Operating expenses:
Depreciation 35,000
Other operating expenses 300,500 335,500
Operating profit 34,000
Other income
Gain on sale of investments 10,000
Profit for the year 44,000
Proposed dividends (15,000)
Retained profit for the year 29,000
Retained profit brought from previous year 96,900
Retained profit carried to the next year 125,900
ANSWER 5.1:
Direct Method
Anggun Ltd
Statement of Cash Flow for the year ended 31 December 20X8
RM RM
Cash Flow from Operating Activities
Cash Inflow
Cash receipt from customers (Sales) 919,500
Increase in trade debtors (8,000) 911,500
Cash Outflow
COGS 550,000
Increase in stock 14,500
Purchase 564,500
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