Page 107 - Ebook Financial Accounting 3
P. 107
Bestari Bhd
Statement of Financial Position as at 31 December 2019 and 2020
31 Dec 2019 (RM) 31 Dec 2020 (RM)
ASSETS:
Building (cost) 45,000 74,750
Less: accumulated depreciation (5,000) (6,250)
Equipment (cost) 52,000 54,000
Less: accumulated depreciation (2,600) (24,000)
Investment 26,000 24,000
Inventories 15,400 16,800
Debtors 18,100 12,400
Cash at Bank 50 2,500
Prepaid tax 250 -
125,800 154,200
FINANCED BY:
Ordinary share 30,000 45,000
Preference share 20,000 27,500
General reserve 10,000 14,000
Retained profit 16,800 19,700
Debenture 10,000 8,000
Accrued Tax - 200
Proposed Dividend 3,000 5,000
Overdraft Bank 24,000 21,000
Creditors 12,000 13,800
125,800 154,200
Additional Information:
1. Operation expenses included - Building depreciation 1,250
- Equipment depreciation 7,000
2. An equipment at a cost of RM 10,000 were disposed. Accumulated depreciation for
the equipment disposed was RM 9,000.
3. No sale for land and building were made for the current year.
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