Page 84 - Ebook Financial Accounting 3
P. 84
ANSWER
QUESTION 4.1
Gagah Berani Bhd
Statement Of Comprehensive Income For The Year Ended 31 December 2020
RM RM
Gross Profit 600,600
Less: Expenses
Rent 50,000
Water & Electricity 18,900
Salaries 172,000
General Expenses 19,320
Audit Fee 36,000
Directors Emoluments 48,000
R&D written off 4,500
Depreciation
Plant & Machinery 12,000
Motor Vehicles 36,000 (396,720)
Net Profit before Tax 203,880
Less: Tax Expenses (60,000)
Net Profit After Tax 143,880
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