Selalu Sukses Sdn. Bhd. owned by Hsalut is a business specializing in trading nasi lemak: Accounting Assignment, UM, Malaysia

School

Universiti Malaya (UM)

*We aren't endorsed by this school

Assignment Type

Individual Assignment

Subject

Accounting

Uploaded by Malaysia Assignment Help

Date

01/17/2022

Selalu Sukses Sdn. Bhd. owned by Hsalut is a business specializing in trading nasi lemak. The following balances were extracted from the books of Selalu Sukses Sdn. Bhd. as of 31^st December 2018:

	RM	RM
Cash	50,900.00
Bank/overdraft	15,850.56
Bank loan		24,120.00
Capital		43,755.00
Other creditors	?	?
Trade Debtors/Creditors	?	19,570.00
	98,005.95	98,005.95

Transactions in 2019

In January the business recorded credit sales amounted to RM 50,900.
Purchased pandan leaves, peanuts, and basmati rice using cheque amounted to RM 13,000 in February.
Purchased a food truck on credit amounted to RM 68,600, somewhere in March.
In April, one of the customers returned 150 defective nasi lemak amounted to RM 125. It was a credit transaction before.
In May, cash sales recorded amounted to RM 25,000.
Purchased a few canopies using a cheque in June. The transaction was recorded at RM 2,350.
Purchased a lot of banana leaves on credit amounted to RM 500 in August.
One of the canopies was disposed of for RM 250. The buyer paid half using cash and the remaining amount will be settled next year.
The owner brought a sofa set valued at RM 2,000 into the business for office use.
In October, the owner took out 100 in cash for personal use.
Paid supplier of banana leaves using cheque in full amount in December.

Prepare:

Ledgers
Income statement
Balance sheet

Stuck in This Assignment? Deadlines Are Near?

Hire Assignment Helper Now!

Shared with

Malaysia Assignment Help Editorial Team – Accounting desk

A student shared this brief with our team; personal details have been removed. Our Accounting desk works on tasks like this and can guide you on how to approach it.

Get Help By Expert

Looking for an affordable way to get a top-quality assignment on Accounting? Don't worry. Get expert assignment writers help from Malaysiaassignmenthelp.com. we will provide you assignment before the deadline. We will make sure that your assignment is 100% error-free & well-formatted. So you just Hire our Malaysia expert writer and get full marks on any assignment.

Answer