QUESTION 2 Puan Mimi and her sons are the owners of Ceria Sdn. Bhd. They started their stationery business on 1 January 2021. None of them has accounting background. At the end of the accounting period which is on 31 December 2021, they have difficulties in preparing financial reports for their business. Since you have knowledge in accounting, they seek your help to prepare the reports. Given below are the particulars of Ceria Sdn. Bhd. Particulars Building Accounts Receivable Rent received Electricity bill Loan from Bank Islam Short term deposit Interest on loan Commission revenue Accounts Payable Cash at bank Insurance Repairs Amount (RM) 80,000 30,000 Required: Based on the scenario above, answer the following questions: Calculate the total amount of 1,300 250 38,200 7,550 200 2,000 2,300 28,500 1,200 500 i. Assets; ii. Expenses. iii. Liabilities; iv. Revenue V. Compute the amount of capital using accounting equation
Jawaban:
Attached on Microsoft Excel
Penjelasan:
Syllabus : Principle Accounting - Account Classification
In accounting, each account have classified by asset, liabilities, equity, expense and revenue.
In Microsoft Excel, answerer have detailed the account which 'strange' to be classified as accounting student.
Thats the answer, hope will increase your understanding about accounting. Have a good day !
Source : Principle Accounting 4th IFRS edition, Weygandt, Kimmel, Kieso. Wiley.
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