BKAN1013: Basic Accounting Assignment, UUM, Malaysia The unadjusted trial balance of GIGAMA Enterprise as of 31 December 2022 is as follows
| University | Universiti Utara Malaysia (UUM) |
| Subject | BKAN1013: Basic Accounting |
QUESTION
The unadjusted trial balance of GIGAMA Enterprise as of 31 December 2022 is as follows:
The followings are information related to year-end adjustments.
- Salaries accrued on 31 December 2022 were RM5,000.
- Insurance premiums that expired during the year were RM2,240.
- Office supplies on hand on 31 December 2022 were RM1,550.
- Unbilled customers at the end of the year amounted to RM7,000.
- The motor vehicle is purchased on 1 July 2022. It is estimated that the vehicle has an expected useful life of 20 years and has an RM10,000 scrap value. The business uses a straight-line method to depreciate the asset.
REQUIRED:
- Prepare the Statement of Profit or Loss and Other Comprehensive Income of GIGAMA Enterprise for the year ended 31 December 2022.
- Prepare the Statement of Changes in Equity of GIGAMA Enterprise for the year ended 31 December 2022.
- Prepare the Statement of Financial Position of GIGAMA Enterprise as of 31 December 2022.
Get Help By Expert
Seeking Online Assignment Assistance for BKAN1013: Basic Accounting? Look no further! Assignment Helper MY offers reliable and professional support tailored specifically to Universiti Utara Malaysia (UUM) students. Our expert team specializes in various subjects, including FIN555 Finance assignments, and excels in providing online support. With a track record of delivering excellent results, we guarantee timely delivery and complete confidentiality. Besides, our experts also provide you top Programming Assignment Help.
Answer
Recent Solved Questions
- Unit 1 Briefly introduce the organization you are working in or have previously worked in, by highlighting the different stakeholders: Strategic Management And Leadership, Assignment, Malaysia
- Human Ecology Thesis, MUM, Malaysia In the year 2001, the Global System of Mobile Telecommunication (GSM) was introduced into the Nigerian market
- ABCC1103: The aim of this assignment is to assess students’ capacity to formulate holistic solutions in addressing challenges and ethical concerns: Introduction To Communication, Assignment, OUM, Malaysia
- BLC201: Introduction To Logistics And Supply Chain Management Assignment, WOU, Malaysia Intermodals are the use of two or more carriers of different modes in the thorough movement of a shipment
- Understanding the Roles of Managers Individual Assignment
- Python Programming For Beginners Assignment, MU, Malaysia You are required to develop OPMS which will be used by “OCEAN Sdn Bhd” a Malaysian leading company
- TCC 233/05: Database Management Systems Assignment, UTAR, Malaysia Describe attributes and tuples in detail, and use examples to elaborate on each of them
- TAXATION I Assignment, UM, Malaysia Akta Cukai Pendapatan 1967 menyatakan mengenai pekerja asing atau orang yang berhak memiliki status
- Corporate Accounting Assignment, OUM, Malaysia Present the financial affairs of a parent company and its legally distinct subsidiaries as if they were a single unified economic entity
- Final Year Project Report malaysia To examine the two-way inflation-growth nexus across CPI sectors of Malaysia
