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    
10 Salary              2,000                       2,000    
11 Buy Land - Putrajaya             (1,400)                   1,400                
12 Receive Rental - Butterworth                  250                          250    
13 Received Scholarships              2,000                       2,000    
14 Buy Land - Alor Star            (2,600)                   2,600                
15 Buy Land - Kuantan            (3,000)                   3,000                
16 Received Rental - Kuantan                  260                          260    
17 Pay Bank's Interest               (500)                                   500
18 Buy House            (2,000)                   2,000                
19 Received - Salary              2,000                       2,000    
20 Pay Tax            (2,000)                               2,000
21 Receive Rental - Tenaga Nasional                  600                          600    
22 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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