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
- Energy Economics Report, SU, Malaysia With climate change, water scarcity will likely be amplified due to drought and wildfire coupled with increasing demand
- To describe the basic features of the technologies and their potential applications: Contruction Project Management Research Paper, Malaysia
- MGT7101: MANAGING OPERATIONS OF BUSINESS Assignment, UPM, Malaysia Examine the issues and trends in operations management and how that in turn affects an organisations SIPOC
- Wind Engineering Thesis, UTM, Malaysia There is an urgency for us to implement energy saving in buildings because of the high energy consumption and CO2 emission
- Investment Analysis and Portfolio Management Assignment, UNM, Malaysia Is Vitrox a growth or value company/ stock? Explain the characteristics, why is it so, find data from the annual report
- Professional Sales Assignment, MSU, Malaysia The pre-qualifying and qualifying stages of the personal selling process are very important. These stages help sales
- PRJ3173: Business Research Design, Research Paper, SU, Malaysia
- Carefully examine each of your three options: Introduction To Management Assignment, NUM, Malaysia
- Industrial Project For Prof Diploma Assignment, Malaysia
- Global Marketing Assignment, APU, Malaysia Based on the article given titled “Analysis of Iphone’s Marketing Strategy”, you are to evaluate/ analyze/ discuss
