Green Product sells health products in Malaysia and its trial balance as at 31 December 2021 were as follow. Debit (RM) Credit (RM) Cash in hand 34,420 Cash at bank 42,000 Inventory at 1 January 2021 38,000 Trade receivables 59,000 Insurance expense 18,480 Freehold land 120,000 Buildings 90,000 Accumulated depreciation – buildings 4,000 Equipment 110,000 Accumulated depreciation – equipment 26,200 Trade payables 24,600 Carriage inwards 2,600 Carriage outwards 3,400 Rental income 12,000 10 years loan due in 2030 50,000 Capital 352,420 Discount allowed/received 1,155 1,035 Drawings 15,500 Sales 294,600 Purchases 103,000 Salary expenses 64,000 Repair expenses 15,500 Advertising expenses 10,400 Utility expenses 15,900 Property tax 10,000 Interest expense 5,500 Return inwards/outwards 12,500 6,500 771,355 771,355 Additional information is available at the year-end: 1.On 28 December 2021, RM350 of bad debts needs to be written off. 2.Depreciation for the year are as follows: Buildings – 2% on cost Equipment – 10% at reducing balance method 23.2% of the allowance for bad debts need to be provided on the outstanding trade receivables. 4.The insurance expense is the premium for a year and it cover 12 months’ period starting from 1 April 2021. 5.The owner withdrew goods worth RM150 for private use which has not been recorded in the accounts 6.Accrued property tax is RM2,700. 7.Closing inventory as at 31 December 2021 is RM39,700. 8.The loan bears interest of 12% p.a. and the interest for the month of December not been accounted for in the accounts. Required: (a) Record the transactions, as given in the additional information No. 1 until No. 6, in a journal (Note: Only journal entries required and narrative note/explanation is not required). (b) Prepare the Statement of Profit or Loss for the year ended 31 December 2021. (c) Prepare the Statement of Financial Position as at 31 December 202

The following data came from the financial statements of the Green Company: Cash from operations$900,000Cash from investing activities350,000Cash from financing activities220,000Cash paid for capital expenditures55,000Net income425,000 Compute the cash flow-to-net income ratio.

The inventory transactions of Green Products Incorporated are shown below. Date Transaction Number of Units Unit CostJanuary 1 Beginning inventory 500 $5May 15 Purchase 1,000 6June 10 Purchase 500 7October 25 Purchase 2,000 8Units sold during the year: 3,000What is the amount of cost of goods sold that Green Products will report in its income statement for the current year, if it uses the last-in, first-out cost method?

The inventory transactions of Green Products Incorporated are shown below. Date Transaction Number of Units Unit CostJanuary 1 Beginning inventory 500 $5May 15 Purchase 1,000 6June 10 Purchase 500 7October 25 Purchase 2,000 8Units sold during the year: 3,000What is the amount of cost of goods sold that Green Products will report in its income statement for the current year, if it uses the first-in, first-out cost method?

From the trial balance of Ajith and the adjustments given below, prepare tradin and profit and loss A/c for the year ended 31st March 2022 and the balance shee as on that date. Debit Credit Particulars Opening stock 15,000 Capital 25,000 Furniture and fixtures 30,000 Returns outward 1,000 Purchases 40,000 Bills payable 10,000 Sales returns 2,000 Sales 1,24,000 Carriage inwards 10,000 Provision for doubtful debts 500 Office rent 23,000 Sundry debtors 20,100 Bank balance 19,600 Bad debts 900 Provision for discount on debtors 100 1,60,600 1,60,600 (a) Stock at the end of the year was ₹8,000 (b) Further bad debts amounted to ₹ 100 (c) Create 2% provision for doubtful debts on sundry debtors (d) Create 1% provision for discount on sundry debtors

Debt-Equity Ratio 2:1, Net Profit (after Tax) Ratio 16.8%, Operating Profit Ratio 30%. Operating Expenses Ratio 100%t Inventory Velocity 1 month, Tax Rate 30%, Land & Building 6,75,000, Plant & Machinery 6,00,000, Capital Work-in-Progress 3,00,000. Inventory (Including Raw Materials 15,000, Work-in-Progress 20,000 and Stores and Spares ₹ 5,000) ₹ 1,40,000. Trade Receivables 2,20,000, Provision for doubtful debts 20,000. Credit Sales are 2,00,000 more than Cash Sales. Calculate Interest Coverage Ratio, Trade Receivables Turnover Return on Investment.