Subject: FAR210 Financial Accounting 3 Assignment

4. On 1 August 2022, Tango Bhd bought inventories at RM75,000 (excluding transportation cost of RM2,400) from JP Bhd. The company paid 10% of the value in cash upon the delivery while the balance will be paid in 30 days. On 25 August, the company paid all the outstanding amount to JP Bhd by cheque. …

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2. As at 31 December 2022, a physical stock count was carried out to determine the value of the inventories held by Tango Bhd. The unsold inventories were valued at RM881,750. Due to the flood in December 2022: • 10% of the inventories were fully damaged and could not be sold. • 30% only can …

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1. The information related to the property, plant and equipment of the company is as follows: a. The depreciation policy of the company is as follows: i. Building is depreciated on straight-line method over 50 years with no residual value on a yearly basis. ii. Plant and equipment are depreciated on a reducing balance method …

Continue reading “FAR210: The information related to the property, plant and equipment of the company is as follows: Financial Accounting 3 Assignment, UiTM, Malaysia”