ACC202 Financial And Managerial Accounting

ask:

Question 1
Required:
(a) Analyse the above information and prepare all necessary adjusting entries. Show narrations and all workings.

(b) Present the following after taking into consideration all the adjustments in (a):
(i) The net profit for the year ending 31 December 2021.
(ii) The total assets as at 31 December 2021.
(iii) The total liabilities as at 31 December 2021.
(iv) The total equity as at 31 December 2021.

Question 2
Examine the Statement of Cash flows of Sheng Siong Group Ltd and the accompanying notes to the financial statements found in the Annual Reports for 2020.

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Comment on Sheng Siong’s cash flows for 2020

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