Question Ref. No: 3508
1. On 1st June 2022, BabaYaga decided to
open up a sole proprietorship with the
following items; Cash RM4900; Inventories
RM2700; Vehicle RM20,000; Land and
Building RM200000; Loan from Agrobank
by the business RM110000.
What is the amount of capital
that BabaYaga has invested
into the business?
2. CootiOnz Enterprise reports
the following assets and
liabilities:.Bank = 49200, Short
term loan = 17800, Buildings =
15000, Accruals = 5300,
Account Receivable = 10000.
Compute the total liabilities
that should be reported in the
company's balance sheet.
3. Mozarella Sdn Bhd. has
Current Assets = RM50000 and
Total Assets = RM247800. It
also has Current Liabilities =
RM30000 and Total Liabilities
= RM85890. The Retained
Earnings = RM12000. What is
the amount of Mozarella Sdn
Bhd. shares value (capital)?
4. Rayyan is a wholesale
trader. The following
transactions have occurred for
him: i.Commence business
with cash RM269000 and a
shop lot valued at RM76000, ii.
Bought goods for resale for
cash of RM80000, iii. Bought
goods for resale on credit from
Kedek Sdn Bhd, worth of
RM42000, iv. Bought furniture
with cash worth RM5000, v.
Return defective furniture (&
get back the money paid) of
worth RM1700. How much is
the total assets that Rayyan
have now?