Saturday 12 January 2013









Assigment 1 : Financial Reporting & Control
























aset = liability + Equity + Revenue - Expenses


cash property







1 Capital            15,000



        15,000



2 Buy Ladang Sawit            (2,000)                   2,000







3 Buy Tenaga Nasional            (1,500)                   1,500







4 Buy Land Butterworth            (2,200)                   2,200







5 Pay Rent - Kangar               (220)







                  220
6 Receive Rental - Ladang Sawit                  250





             250

7 Pay Rental - Kota Kinabalu               (350)







                  350
8 Receive Rental - Tenaga Nasional                  600





600


Salary              2,000





          2,000


Buy Land - Putrajaya             (1,400)                   1,400








Receive Rental - Butterworth                  250





             250


Received Scholarships              2,000





          2,000


Buy Land - Alor Star            (2,600)                   2,600








Buy Land - Kuantan            (3,000)                   3,000








Received Rental - Kuantan                  260





             260


Pay Bank's Interest               (500)







                  500

Buy House            (2,000)                   2,000








Received - Salary              2,000





          2,000


Pay Tax            (2,000)







              2,000

Receive Rental - Tenaga Nasional                  600





             600


Pay School's Fee            (1,150)







              1,150


             4,040                 14,700 =                     -    +          15,000  +            7,960  -                4,220














           18,740
 =            18,740


















Profit & Loss Account










Income              7,960









Expenses            (4,220)









Profit               3,740





















Current Asset              4,040









Fixed Asset            14,700                 18,740
































Capital            15,000









Profit              3,740                 18,740



















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