Financial Accounting and Reporting Assignment
Question
1. Sitoshi Bhd is a soft toys making factory for domestic and foreign markets. The trial balance of Sitoshi Bhd as at 31 December 2020 is shown below;
| Debit (RM) | Credit (RM) | |
| 10% Long term loan | 645,250 | |
| Ordinary share capital | 2,000,000 | |
| Preference share capital | 1,750,000 | |
| Directors’ remuneration | 70,000 | |
| Sales revenue | 4,227,900 | |
| Investment | 3,000,000 | |
| Tax paid | 389,000 | |
| General reserve | 90,000 | |
| Building | 1,850,000 | |
| Motor van | 68,000 | |
| Plant & machinery | 250,000 | |
| Freehold land | 830,000 | |
| Administrative expenses | 640,000 | |
| Interest on long term loan | 15,000 | |
| Interim dividend paid – ordinary shares | 33,000 | |
| Wages and salaries | 165,000 | |
| Advertising expenses | 54,575 | |
| Rental income | 55,000 | |
| Cash at bank | 485,000 |
2. Pedro Bhd is a public listed is a company in Malaysia and principally operates in two geographical segments: Malaysia and South East Asia other than Malaysia. The Company’s products and services include aluminum billets and home furnishing products.
The following information relates to the Statement of Financial Position and Notes to the Property Plant and Equipment of the company:
| 2020 RM’000 | 2019 RM’000 | |
| Non-Current Assets | ||
| Property, plant and equipment | 304,000 | 281,000 |
| Investment in shares | 55,000 | 25,000 |
| Current Assets | ||
| Inventories | 77,000 | 87,000 |
| Trade receivables | 69,000 | 68,000 |
| Cash at bank | 20,000 | – |
| Short-term deposits | 16,000 | – |
This Accounting and Finance Assignment Help has been solved by our Accounting and Finance Experts at . Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK and US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics and referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.