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
- NBHS1213: Anatomy and Physiology 2 Assignment, OUM, Malaysia Discuss the urinary system and its components from the perspective of anatomy and physiology
- FIT3179: Data Visualisation Assignment, MUM, Malaysia The aim of the assignment is to apply the data visualisation techniques examined during the entire semester
- BNNS6433: Urinary calculi may remain within the renal parenchyma or renal collecting system: Genitourinary & Endocrine Nursing Assignment, LUC, Malaysia
- BACS1024: Write a proposal to develop a Point-of-Sales (POS) system for any industry eg: Introduction to Computer System Assignment, TARC, Malaysia
- CBC3013N: Principles of Management Assignment, UOW, Malaysia Explain the roles and responsibilities of management. Explain management principles and the tasks of managers
- Mpu3223_v2: Understand the importance of creativity and innovation in entrepreneurship: Entrepreneurship II May 2024 Semester, Assignment, OUM, Malaysia
- Programming Assignment, QUB, Malaysia The Borneo Car Rental Centre owns a collection of microcars, saloons, and multipurpose cars
- Managing Secured Environments, Assignment, MU, Malaysia- Surveys indicate that many workers are reluctant to report unethical practices, including stealing in the workplace
- Strategic Operation Management Case Study, ASB, Malaysia The company that would become BP was founded in 1909 as the Anglo-Persian Oil Company shortly after Englishman William
- Strategic Management Assignment, ASB, Malaysia Strategic management is the ongoing planning, monitoring, analysis, and assessment of all necessities an organization
