iii) only. I 4.1Given below is a list of balances of Raul Raul, a public company, as at 31 December x6.DebitCreditRM'000RM'000Turnover20,000Cost of salesInventorySelling and distribution expensesAdministrative expensesDirectors' salariesAuditors' feesDividend receivedInterest incomeDepreciation expensesBuildingPlant and equipment2 million 8% preference shares5 million ordinary sharesRetained profits at 1 January x6Trade payablesTrade receivablesBank balanceInterim dividends paidPreference dividends10,0002,0001,0001,50020025010050so%30050 %6502,00023,00014,6805,0003,0001,500Ordinary dividendsTax under-provided inTax paid for current yearInvestment in equity shares of listed companies, classified as held for tradingInvestment in loan stock of listed companies, classified as non-currentFreehold land8050501,75090060019,00041,00012,000yearx5Building (at cost)Plant and equipment (at cost)Accumulated depreciation at 31 December x6LandPlant and equipment26,0005,00095,83095,83088 Additional information:a.b.the loan stock investment.C.d.expenses 20 percent.Required:il. Prepare the statement of changes in equity.. Prepare the statement of financial position as at 31 December xb.

Financial statement is the statement which is prepared through the company at the end of period and…

ven below is a list of balances of Raul Raul, a public company, as at 31 December x6. Debit Credi RM'000 RM'000 Turnover Cost of sales Inventory Selling and distribution expenses Administrative expenses Directors' salaries 20,000 10,000 2,000 1,000 1,500 200

ven below is a list of balances of Raul Raul, a public company, as at 31 December x6. Debit Credi RM'000 RM'000 Turnover Cost of sales Inventory Selling and distribution expenses Administrative expenses Directors' salaries 20,000 10,000 2,000 1,000 1,500 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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