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    Acc 1133 Accounting 1 Assignment

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    maheswaran perumal
    Mark Steve Ltd. had sales of RM375,000 in 2015 with returns of RM3,850. Their cost of goods sold was RM142,560 with commissions of RM17,595 and other revenues of RM8,755 including interest received of RM5,401. Expenses included salaries of RM22,850, utilities of RM4,806, rental of RM2,500, insurance of RM1,750 and general expenses of RM1,245.

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    Acc 1133 Accounting 1 Assignment

    Uploaded by

    maheswaran perumal
    33 views1 page
    Mark Steve Ltd. had sales of RM375,000 in 2015 with returns of RM3,850. Their cost of goods sold was RM142,560 with commissions of RM17,595 and other revenues of RM8,755 including interest received of RM5,401. Expenses included salaries of RM22,850, utilities of RM4,806, rental of RM2,500, insurance of RM1,750 and general expenses of RM1,245.

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    Mark Steve Ltd. had sales of RM375,000 in 2015 with returns of RM3,850. Their cost of goods sold was RM142,560 with commissions of RM17,595 and other revenues of RM8,755 including interest received of RM5,401. Expenses included salaries of RM22,850, utilities of RM4,806, rental of RM2,500, insurance of RM1,750 and general expenses of RM1,245.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views1 page

    Acc 1133 Accounting 1 Assignment

    Uploaded by

    maheswaran perumal
    Mark Steve Ltd. had sales of RM375,000 in 2015 with returns of RM3,850. Their cost of goods sold was RM142,560 with commissions of RM17,595 and other revenues of RM8,755 including interest received of RM5,401. Expenses included salaries of RM22,850, utilities of RM4,806, rental of RM2,500, insurance of RM1,750 and general expenses of RM1,245.

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    ACC 1133 ACCOUNTING 1

    ASSIGNMENT
    The following information is obtained from Mark Steve Ltd. You are required to prepare an
    Income Statement for the year ended 31 December 2015.
    Sales

    RM375 000

    Sales return

    RM3 850

    Cost of Goods Sold

    RM142 560

    Commissions

    RM17 595

    Other revenues

    RM8 755

    Interest Received

    RM5 401

    Salaries expense

    RM22 850

    Utilities expense

    RM4 806

    Rental expense

    RM2 500

    Insurance expense

    RM1 750

    General expense

    RM1 245

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