PART B / BAHAGIAN B ESSAY QUESTION / SOALAN ESEI INSTRUCTIONS / ARAHAN Part B contains TWO questions. Answer ONE ONLY. Bahagian B mengandungi DUA soalan. Jawab SATU SAHAJA. QUESTION / SOALAN 1 Marks / Markah Setia Sdn. Bhd. is a hardware company. Its head office is in Shah Alam and has two branches in Kuala Lumpur: Cheras and Kepong. Setia Sdn. Bhd. practises the following: • All accounts kept at the head office and all goods are purchased by the head office. • Goods supplied to the branches involved are at cost price and all expenses are paid by head office. • Motor vehicles in branches are to be depreciated at the rate of 20% per annum on the cost price. The following are the information for the branches for the year ended 31 December 2009: Cheras (RM) Kepong (RM) Credit Sales 255,840 91,020 Cash Sales 43,500 53,640 Debtors at 1.1.2009 34,140 19,680 Cash received from debtors 231,720 81,300 Discount allowed to debtors 2,280 660 Rental 15,960 8,820 Wages 20,820 11,760 Expenses 3,300 1,200 Motor Vehicle at cost 16,500 4,800 Bad debts written off 780 360 Stocks at 31.12.2009 47,160 15,480 Stocks at 1.1.2009 33,960 18,840 Goods sent to branches 190,440 77,520 Goods returned by branches to Head Office 6,960 Goods returned by debtors to branches 840 1,020 BBFA2203/MAY10/F-RR 10 Based on the information given, you are required to answer the following questions: a) Prepare the following accounts for Cheras branch and Kepong branch for the year ended 31 December 2009: i) Inventory Account; (5.25) ii) Debtor Account; and (5) iii) Income Statement. (4.75) b) Provide the main features of an autonomous branch. (2) c) Explain why “item in transit” has a debit balance in the account. (3) (Total / Jumlah: 20)