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Soalan Akaun
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Purchase of new van Road tax Cost of repainting van each year Insurance Refurbishment of new van Petrol costs
QUESTION 2 On 1 July 20X6 there was a balance of RM600 in the Provision for Doubtful Debts Account and it was decided to maintain the provision at 5% of the debtors at each year-end. The debtors at 30 June for the next three years were: RM 15,000 10,000 10,000
Show the provision for doubtful debts account for the period 1.7.X6 to 30.6.X9
QUESTION 3 The debtors figures below have been extracted from the end of year final accounts of Hope Ltd, for a four year period: 2011 2012 2013 2014 RM4,000 RM6,000 RM6,000 RM3,000
The directors have decided to create a provision for doubtful debts equal to 4% of outstanding debtors at the year-end. Construct the provision for doubtful debts account for this period of time - assuming no prior provision existed in the books of Hope Ltd.
QUESTION 4
A delivery vehicle costs RM25,000 and is expected to last 5 years. At the end of the five years it is expected to have a scrap value of RM2,000. Calculate the deprecation for each year using: (a) (b) Straight-line method Reducing balance method (using a rate of 40%)