BBM206: Accounting and Costing Assignment, WOU, Malaysia
| University | Wawasan Open University (WOU) |
| Subject | BBM206: Accounting and Costing |
Question 1
San Bhd manufactures and distributes glassware in Malaysia. The following
ratios are based on its financial statements for the years ended 31 December
2021 /2022.
- State the formula for each of the above ratios.
- Comment on each of the above ratios.
Question 2
Sim depreciates his machinery at a rate of 20% per annum on a reducing balance basis. He provides a full year’s depreciation in the year an asset is acquired, and no provision is made in the year of disposal.
On 1 November 2021, the cost of Sim’s machinery was RM140,900, and the net book value was RM94,570.
During the year to 31 October 2022, a machine that had cost RM35,000 and had been depreciated for four years was traded in for a new machine. The new machine cost RM50,000, and the trade-in value was RM14,000. On 31 October 2022, the balance of the cost of the new machine was still outstanding.
a. Calculate the profit or loss on the machine traded in.
b. Calculate the depreciation charge for machinery for the year 31 October 2022.
c. Show the following ledger accounts for the year:
i. Machinery at cost.
ii. Accumulated depreciation.
Get Help By Expert
Need help with your BBM206 Accounting and Costing Assignment? Our assignment helper Malaysia service is here for you! If you're thinking, "I need someone to do my assignment for me," or need expert help with accounting assignments, we've got you covered. With experienced professionals, 100% original content, and on-time delivery, we make sure you succeed in your coursework stress-free.
Recent Solved Questions
- Business Research Methods Research Paper, TU, Malaysia Patient satisfaction seems to be one of the most important aspects of the healthcare industry as it positively impacts
- LC1204: Non-verbal Communication Assignment, UTB, Malaysia Identify the non-verbal cues in a particular context/setting e.g., classroom setting or family gathering, or official event
- Managerial Finance Course Work, APU, Malaysia What is the company’s earnings potential? Example to include: gross profit, net income, EBITDA, and financial earning for which year
- CSC408 MIS Case Study Assignment Report: Analysis of Issues and Solutions in Information Systems
- NMNF5104: Reflection in Nursing Assignment, OUM, Malaysia John Dewey (1859-1952) stated that the educator is the helmsman and director he steers the boat, but the energy
- Bachelor of Economics Assignment, HU, Malaysia Students are required to look through the given articles in HLMS and choose one of the topics which they are comfortable
- MER501: ENTREPRENEURSHIP Report, HU, Malaysia You will participate in the business model innovation (BMI) forums on LMS emphasizing discussions on “lean start-ups” and design thinking
- BFW3651: Treasury Management Assignment, MUM, Malaysia Evaluate and provide a historical overview or background of the Sri Lanka’s exchange rate system
- BED15203: Write a C program that prompts a user to enter 3 integer numbers. The program then determine: Fundamentals of Programming Assignment, UniKL, Malaysia
- NBBS3303: Communication and Counselling Skills for Nurses Assignment, OUM, Malaysia Demonstrate knowledge and understanding of the specific skills that are essential for counseling and in healthcare
