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Tutorial 12 Handout PDF

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82 views6 pages

Tutorial 12 Handout PDF

Uploaded by

tan keng qi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Tutorial 12

Handout - MFRS 110


Adjusting events after the balance sheet date. The amount owed by the debtor
RM150,000 should be written off as bad debts.
Non-adjusting event after the balance sheet date.

Disclose the information in the notes to accounts.


Product B- Adjusting events after the balance sheet date.

Provision for damages RM300,000 to be provided.

Product C- Non-adjusting events after the balance sheet date. Disclose the
information in the notes to accounts.

April 20x4 March 20x5 -> very new product


Adjusting events after the balance sheet date.
Stock is to be written down to RM765,000
[RM900,000-RM270,000 + (RM270,000*@50%)]

*30% x RM900,000 = RM270,000

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