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A Statement of Financial Position
Rahayu Baju Kurung
A Statement of Financial Position
as at 31 December 2015
RM RM RM
ASSETS
Non current assets :
Motor Vehicle 64,600
(-) Accumulated depreciation (3,000) 61,600
Current assets :
Inventory 6,200
TOTAL ASSETS 67,800
EQUITY AND LIABILITIES
Equity
Opening capital 40,000
+ Net profit 27,000
- Drawings (10,000)
Closing capital 57,000
Non current liabilities
Long term borrowings 5,000
Current liabilities :
Account Payables 5,800
Total liabilities 10,800
TOTAL EQUITY AND LIABILITIES 67,800 23
