Page 104 - Ebook Financial Accounting 3
P. 104
EXERCISE
QUESTION 5.1
a. Haura Bhd presents with the following balances as at 31 December of:
2019 (RM) 2018(RM)
ASSETS
Land 500 000 -
Plant and machinery (cost) 1 560 000 1 275 000
Investments 390 000 380 000
Goodwill 45 000 60 000
Inventories 340 000 250 000
Trade Receivables 107 000 170 000
Tax receivables - 8 000
Cash at bank 400 000 242 000
3 342 000 2 385 000
FINANCED BY:
Ordinary share capital 1 068 000 900 000
7% Redeemable preference share capital - 300 000
Capital redemption reserve 150 000 -
Accumulated Profits 535 000 315 000
General Reserve 195 000 150 000
10% Debentures 500 000 -
Tax Payables 5 000 -
Deferred taxation 270 000 230 000
Trade Payables 267 000 210 000
Accumulated depreciation – Plant and machinery 345 000 270 000
Provision for doubtful debts 7 000 10 000
3 342 000 2 385 000
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