YUSNALIZA HAMID
Senior Lecuer
enyd Actanoy
CONFIDENTIAL ACIMAR 2023/FAR320
UNIVERSITI TEKNOLOGI MARA
SPECIAL EXAMINATION
COURSE FINANCIAL ACCOUNTING 5
COURSE cODE FAR320
EXAMINATION MARCH 2023
TIME 3 HOURSs
INSTRUCTIONSTO CANDIDATES
1. This question paper consists of five (5) questions
Answer ALL questions in the Answer Booklet. Start each answer on a new page.
2.
3. Do not bring any material into the examination room unless permission is given by the
invigilator.
4. Please check to make sure that this examination pack consists of :
the Question Paper
an Answer Booklet- provided by the Faculty
T)
Answer ALL questions in English.
5.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 8 printed pages
Hak Cipta University Teknologi MARA cONFIDENTIAL
, AC/MAR 2023/FAR320
cONFIDENTIAL 2
QUESTION 1
ne
Bhd expands its business by acquiring interests in
Dew Bhd. are
Belowzuzz.
oney at 31 December
statements of the financial position of Honey Bhd and Dew Bhd as
Dew Bhd
Honey Bhd
RM RM
Non-current assets 8,200,000
1,000,000
Land 3,000,000
900,000
Building (carrying value) 680,000
594,000
Equipment (carrying value) 1,682,000
Investment in ordinary shares of Dew Bhd
Investment in debentures of Dew Bhd 45,000
Current assets 175,000
Inventories 712,000 250,000
806,400p
Trade receivables 176,000
Bills receivables
125,000
3,600
| Debenture interest receivable from Dew Bhd 150,000
|Loan to Dew Bhd 275,000
300,000
Bank 15,704,000 3,370,000
Equity 10,000,000ol 1,500,000
Ordinary share capital 500,000
Preference shares 82,000
General reserve
930,000
3,620,000 660,000
Retained profit
Non-current liabilities
8%Debentures
300,000 150,000
Current liabilities
Trade payables 700,000 300,000
130,000 36,000
Bills payables 12,000
Debenture interest payable 24,000
130,000
Loan from Honey Bhd 15,704,000 3,370,000o
Additional information:
units out of the 4,000,000 units of
1. On 1 January 2021, Honey Bhd acquired 3,200,000
and 30% of debentures in Dew Bhd. At the date of
the ordinary share capital of Dew Bhd
were obtained from the books of Dew Bhd:
acquisition, the following balances
General reserve RM40,000
Retained profit RM350,000
Honey Bhd did not acquire any preference share in Dew Bhd.
MARA
cONFIDENTIAL
Hak Cipta Unlversity Teknologi
Senior Lecuer
enyd Actanoy
CONFIDENTIAL ACIMAR 2023/FAR320
UNIVERSITI TEKNOLOGI MARA
SPECIAL EXAMINATION
COURSE FINANCIAL ACCOUNTING 5
COURSE cODE FAR320
EXAMINATION MARCH 2023
TIME 3 HOURSs
INSTRUCTIONSTO CANDIDATES
1. This question paper consists of five (5) questions
Answer ALL questions in the Answer Booklet. Start each answer on a new page.
2.
3. Do not bring any material into the examination room unless permission is given by the
invigilator.
4. Please check to make sure that this examination pack consists of :
the Question Paper
an Answer Booklet- provided by the Faculty
T)
Answer ALL questions in English.
5.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 8 printed pages
Hak Cipta University Teknologi MARA cONFIDENTIAL
, AC/MAR 2023/FAR320
cONFIDENTIAL 2
QUESTION 1
ne
Bhd expands its business by acquiring interests in
Dew Bhd. are
Belowzuzz.
oney at 31 December
statements of the financial position of Honey Bhd and Dew Bhd as
Dew Bhd
Honey Bhd
RM RM
Non-current assets 8,200,000
1,000,000
Land 3,000,000
900,000
Building (carrying value) 680,000
594,000
Equipment (carrying value) 1,682,000
Investment in ordinary shares of Dew Bhd
Investment in debentures of Dew Bhd 45,000
Current assets 175,000
Inventories 712,000 250,000
806,400p
Trade receivables 176,000
Bills receivables
125,000
3,600
| Debenture interest receivable from Dew Bhd 150,000
|Loan to Dew Bhd 275,000
300,000
Bank 15,704,000 3,370,000
Equity 10,000,000ol 1,500,000
Ordinary share capital 500,000
Preference shares 82,000
General reserve
930,000
3,620,000 660,000
Retained profit
Non-current liabilities
8%Debentures
300,000 150,000
Current liabilities
Trade payables 700,000 300,000
130,000 36,000
Bills payables 12,000
Debenture interest payable 24,000
130,000
Loan from Honey Bhd 15,704,000 3,370,000o
Additional information:
units out of the 4,000,000 units of
1. On 1 January 2021, Honey Bhd acquired 3,200,000
and 30% of debentures in Dew Bhd. At the date of
the ordinary share capital of Dew Bhd
were obtained from the books of Dew Bhd:
acquisition, the following balances
General reserve RM40,000
Retained profit RM350,000
Honey Bhd did not acquire any preference share in Dew Bhd.
MARA
cONFIDENTIAL
Hak Cipta Unlversity Teknologi
