Page 86 - Ebook Financial Accounting 3
P. 86
STATEMENT OF CHANGES IN EQUITY
Ordinary Share General reserve Retained profit
RM RM RM
Balance b/d 180,000 70,500 40,500
Profit for the year 62,208
Appropriation:
Transfer to reserve 7,500 (7,500)
Written off goodwill (10,500)
Interim dividend:
Ordinary share (18,000)
Proposed dividend:
Ordinary share (18,000)
Balance c/d 180,000 78,000 48,708
STATEMENT OF FINANCIAL POSITION
RM RM
Non-current asset
Premises 270,000
Vehicles 34,500 304,500
Current asset
Cash in hand 1,800
Cash at bank 19,500
Debtors 36,000
End. Inventory 45,000 102,300
(-) Current liabilities
Creditors 25,500
Tax payable 24,192
Accrued debentures interest 2,400
Proposed dividend: O/S 18,000 (70,092)
WORKING CAPITAL 336,708
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