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.
Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.
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
- High Electron Mobility Transistor Research Paper, UM, Malaysia We use the natural zeolite clinoptilolite as the sensitive element in a plasticized PVC membrane
- Human Computer Interaction Assignment, UU, Malaysia In order to use external knowledge sources for innovation activities in organizations, recently crowdsourcing platforms
- OUMH1603: How can we balance the urgent need for global action on climate change with the unique challenges: Learning Skills For 21st Century, Assignment, OUM, Malaysia
- HMEF5113: Statistics for Educational Research Assignment, OUM, Malaysia Describe how you would go about addressing missing values in a dataset when respondents failed to fill up their responses
- HRM3183: Car Restoration Business (CRB, Inc.) is interviewing you for a position as its human resources manager part-time: Performance Management Case Study, UPTM, Malaysia
- TCP1201: Objected-Oriented Programming and Data Structures Assignment, MMU, Malaysia Your updated version of the COVID-19 vaccination system now consists of 4 separate JavaFX programs
- BBF2134: Financial Markets and Institutions Assignment, UITM, Malaysia Identify recent issues related to financial systems, financial services and products
- FIN30014: Financial Risk Management Case Study, SUT, Malaysia Identify ONE financial risk faced by Alphabet Inc given the above scenario Systematically review and critically evaluate research from a variety
- DCP5101: Program Design Assignment, MMU, Malaysia I need a standalone console application that can keep track of my restaurant sales. Customers will typically order food and drinks
- MLL207e: Comparative Study of Bahasa Melayu and Bahasa Indonesia Assignment, SUSS, Malaysia Huraikan secara kritis sejarah perkembangan Bahasa Indonesia dan Bahasa Melayu dalam kurun ke-20
