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
- Accounting Assignment, MUM, Malaysia Discuss the Threats and Internal control procedures to prevent these threats by implementing Accounting Information System
- Economics Report, UON, Malaysia Globally the number of people living in extreme poverty declined from 36 percent in 1990 to 10 percent in 2015
- Positioning a brand effectively depends on aspects including the industry: Marketing Management, Essay, OUM, Malaysia
- BAFF0023: Economics and Society, Assignment UITM, Malaysia
- Entrepreneurship Essay, UUM, Malaysia What are the differences between managers and entrepreneurs, and why should entrepreneurs be concerned
- Medical Surgical Nursing Assignment, IMUM, Malaysia Explain the pathophysiological basis of altered functions of the renal, integumentary, immune, eastro-intestmal
- Business Strategy and Leadership Essay, HWU, Malaysia Identify one business organization- IJM Corporation Berhad. Use SWOT analysis to identify which leadership
- Cybercrime Essay, SUC, Malaysia Master of Law Enforcement program by coursework. Candidates are expected to submit a project paper based on supervised
- GMGT5173 Organisational Behaviour Assignment Malaysia
- Operations Management Assignment, MU, Malaysia You are designing a grocery delivery business. Via the Internet, your company will offer ALL fresh and frozen foods
