PSPM QUESTIONS 2013/2014-2020/2021

PSPM QUESTIONS ( 2013/2014 UNTIL 2020/2021

Accounts Receivable 4,230 4,870
Bank 1,970 2,540

Additional information:

1. The owner withdrew cash RM5.200 and inventories RM270 for personal use in the
year 2019. The transactions are recorded.

2. The car to an owner had been brought into the business on 1st July 2019. The
additional capital was reported in the balances of related accounts on 31st
December 2019. All vehicles must be depreciated at a rate of 10% per annum.

3. Bad debts of RM300 are to be written-off at the end of 2019.
4. Equipment should be depreciated at a rate of 20%.
5. Utility expense of RM90 for December 2019 has not been paid yet.

Required:

(i) Calculate the capital on 31st December 2018.

[4 marks]

(ii) Calculate the capital 31st December 2019.

[8½ marks]

(iii) Calculate the profit for the year ended 31st December 2019.
[2 marks]

(iv) Prepare a Statement of Financial Position for Perniagaan Othman as at
31st December 2019.
[5 marks]

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