5. One of the employees was given an advance salary of RM700.6. The owner took goods worth RM2,000 and cash RM1,500 for personal use.7. The following expenses are still outstanding as at 31 December 2017.General expenses RM600Utilities RM250Required:a) Prepare the Statement of profit or loss for the year ended 31 December 2017b) Prepare the Statement of financial position as at 31

Dannyman limited reported a profit before tax of 2,000 cedis. The profit was arrived at after considering; provision for doubtful debt of 5000 cedis, Specific bad debt written off 2,000 cedis, depreciation 4000, financial gain 5,000, financial cost 41,000. Capital allowance of 5,000. Calculate the allowable financial cost of the company? A. 14,000 cedis B. 10,000 cedis C. 22,000 cedis D. 25,000 cedis E. 15,000 cedis

Fynna limited reported a profit before tax of 200,000 cedis. The profit was arrived at after considering; provision for doubtful debt of 15000 cedis, Specific bad debt written off 2,000 cedis, depreciation 5000, financial gain 20,000, financial cost 30,000. Capital allowance of 5,000. Calculate the Adjusted Chargeable income of the company? A. 230,000 cedis B. 225,000 cedis C. 235,000 cedis D. 240,000 cedis E. 250,000 cedis

Read the following case study and answerquestions:FORTUNELtd. is a company engaged in textile business having a share capital of Rs.2,00,000. Rema, the accountant of the firm is analysing its financial figuresand intends to prepare its statement of profit and loss for 2021. The sales ofthe company during this period were 7,00,000 and sales return were 40,000. Itspurchases were 4,95,000, wages amounted to 1,00,000, salaries amounted to15,000, rent amounted to 9,900, sundry expenses were worth 14,100 and alsothere was a discount (Cr.) worth 10,000. 5. What is the amount that will be shown in revenue from operations in the statement of profit and loss?1 point7,00,0007,40,0006,60,00028,10,0006. What is the amount that will be shown in other income in the statement of profit and loss?1 point5,00010,00020,000None of these7. What is the amount that will be shown in employee benefit expenses in the statement of profit and loss? 1 point71,00,00015.0001,07,5001,15,0008.What is the amount that will be shown in other expenses in the statement of profit and loss?1 point24,00014,1009,900None of these

The table shows year end information for a company.income statement $ statement of financial position $profit from operations 14 000 5% debenture 2020 30 000finance costs (1 500) ordinary share capital 70 000loss on disposal ofnon-current asset (2 500) share premium account 15 000profit for the year 10 000 retained earnings 35 000What is the return on capital employed (ROCE)?A 6.7% B 8.3% C 9.3% D 11.7%

Abamanza limited reported a profit before tax of 450,000 cedis. The profit was arrived at after considering; provision for doubtful debt of 5000 cedis, Specific bad debt written off 2,000 cedis, depreciation 4000, financial gain 10,000, financial cost 30,000. Capital allowance of 5,000. Calculate the Adjusted Chargeable income of ABC limited? A. 470,000 cedis B. 474,000 cedis C. 479,000 cedis D. 476,000 cedis E. 475,000 cedis