NURBATRIYIA BINTI ZAHARI 01DAT19F1036

NURUL NADIA BINTI DEBI SUHADRI 01DAT19F1048

NORSOFIA BINTI ABU TALHA SAMUING 01DAT19F1060
MUHAMMAD LUQMAN BIN MURAD 01DAT19F1066
Practical Exercise 6 T4 Question 2

i) Goodwill Kulim Bhd

RM'000
Consideration transferred
Ordinary Shares 480
Preferences Shares
480
Net identifiable assets taken over
Land & Building 340
Plant & Machinery 70
Equipment 20
Inventories 80
Trade Receivables 30.0
Bank 10
550.0

Trade Payables 80
470
Goodwill 10.0

ii) Seller's Record (Kulim Bhd.)

Realisation Account

Land & Building

Plant & Machinery
Equipment
Inventories
Trade Receivables
Bank (10-2)
Liquidation (bank)
Sundry Members Account

Kujian Bhd.

Realisation

Sundry Members Account - OSH

 Shares in Bunga Bhd.
Ordinary Shares

Ordinary Shares in Kujian

Bunga Bhd

Bank

b/d

ii) Seller's Record (Jinjian Bhd.)

Realisation Account

Land & Building

Plant & Machinery
Equipment
Inventories
Trade Receivables
Bank (10-2)
Liquidation (Bank)
Sundry Members Account -
Sundry Members Account

Kujian Berhad

Realisation

Sundry Members Account

Shares in Kujian Bhd.

Preference Shares
 Ordinary Shares
Bank

Ordinary Shares in Kujian

Kujian Bhd

Preference Shares in Kujian

Kujian Bhd

Bank

b/d

iii) Buyer record (Kujian Bhd)

Business Purchase
Kulim

yang
Buyer
bayar RM'000
Liquidator 480

Trade Payables 80

560

Statement of Financial Position of Kujiann Bhd

immediately after the purchase of Kulim Bhd. & Jinjian Bhd. As at 31 Dec 2020
Non - Current Assets RM'000
Freehold Properties 620
Plant & Machinery 110
Equipment 30
Goodwill 20

Current Assets
Inventories 140
Trade Receivables 70
Bank (10+10+150) 170
1,160

Issued & Paid up Capital

Ordinary Share Capital 900
Preferenxe Share Capital 120

Current Liability
Trade payables 140
1,160
 Jinjian Bhd
RM'000

270
120
390

280
40
10
60
40.0
10
440.0

60
380
10.0

Realisation Account
RM'000 RM'000
240 KujianBhd. 480
50 Trade Paya 80
20
80
30
8
2
130

560 560

RM'000 RM'000
480 Shares in Kujian Bhd.
Ordinary S 480

ers Account - OSH

 RM'000 RM'000
Shares Capi 300
480 Retained Pr 50

Realisation 130

es in Kujian
RM'000 RM'000
480 Sundry me 480

RM'000 RM'000
10 Realisation 2
c/d 8

RM'000 RM'000
250 Kujian Ber 390
60 Trade Paya 60 in FS
10
60
40
8
2
20
0
450 450

RM'000 RM'000
Shares in Kujian Bhd.
390 Preference 120
Ordinary S 270

ers Account
Preference Ordinary Preference Ordinary
RM'000 RM'000 RM'000 RM'000
Shares Capi 100 200
120 Retained Profit 70
 270 Realisation 20 0

RM'000 RM'000
270 Sundry me 270

ares in Kujian
RM'000 RM'000
120 Sundry me 120

RM'000 RM'000
10 Realisation 2
c/d 8

Purchase
Jinjian Kulim Jinjian

RM'000 RM'000 RM'000

390 Land & Bui 340 280
Plant & Ma 70 40
Equipment 20 10
60 Inventories 80 60
Trade Rece 30.0 40
Bank 10 10
Goodwill 10.0 10.0

450 560 450