AMOOL MILK SDN BHD

Audit adjustments for account of the year/period ended 30 September 2016

Balance Sheet Item Profit && Loss Item
No. Particulars Debit (RM) Credit (RM) Debit (RM) Credit (RM)
1 Cost of Sales - CCC 22,500.00
Finished Goods 22,500.00
- 22,500.00 22,500.00 -
* Being adjustment for write down of inventory.

2 Cost of Sales - CCC 250.00

Finished Goods 250.00
- 250.00 250.00 -
* Being adjustment for write down of inventory.

3 Trade Payables 122,000.00

Cost of Sales - CCC 122,000.00
122,000.00 - - 122,000.00
* Being adjustment for write off of obsolete inventories.

4 Cost of Sales - CCC 4,547.50

Finished Goods 4,547.50
- 4,547.50 4,547.50 -
* Being adjustment for overstatement of inventories

5 Cost of Sales - CCC 120.00

Finished Goods 120.00
- 120.00 120.00 -
* Being adjustment for write off of obsolete inventories.

6 Cost of Sales - CCC 39,275.00

Finished Goods 39,275.00
- 39,275.00 39,275.00 -
* Being adjustment for overstatement of inventories

7 Cost of Sales - CCC 2,437.50

Finished Goods 2,437.50
- 2,437.50 2,437.50 -
* Being adjustment for overstatement of inventories

AXP Solutions & Co Page 1

AMOOL MILK SDN BHD
Audit adjustments for account of the year/period ended 30 September 2016
Balance Sheet Item Profit && Loss Item
No. Particulars Debit (RM) Credit (RM) Debit (RM) Credit (RM)
8 Cost of Sales - CCC 450.00
Raw Material 450.00
- 450.00 450.00 -
* Being adjustment for write down of valuation of inventories.

9 Trade Payables 136,450.00

Cost of Sales - CCC 136,450.00
136,450.00 - - 136,450.00
* Being adjustment of overstatement of purchases of raw material.

10 Trade Payables 1,233.25

Cost of Sales - CCC 1,233.25
1,233.25 - - 1,233.25
* Being adjustment for wrong valuation of inventories.

11 Revenue 241,000.00
Trade Receivables 241,000.00
- 241,000.00 241,000.00 -
* Being adjustment for overstatement of sales.

12 Revenue 242,000.00
Trade Receivables 242,000.00
- 242,000.00 242,000.00 -
* Being adjustment for overstatement of sales.

13 Revenue 130,000.00
Trade Receivables 130,000.00
- 130,000.00 130,000.00 -
* Being adjustment for overstatement of sales.

14 Trade Receivables 1,712,951.00

CitiBank 1,712,951.00
1,712,951.00 1,712,951.00 - -
* Being adjustment for bad debts written off.

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AMOOL MILK SDN BHD
Audit adjustments for account of the year/period ended 30 September 2016
Balance Sheet Item Profit && Loss Item
No. Particulars Debit (RM) Credit (RM) Debit (RM) Credit (RM)
15 Administrative Expenses 661,000.00
Trade Receivables 661,000.00
- 661,000.00 661,000.00 -
* Being adjustments for bad debts written off

16 Administrative Expenses 152,000.00

Trade Receivables 152,000.00
- 152,000.00 152,000.00 -
* Being adjustment for bad debts written off.

17 Administrative Expenses 450,000.00

Trade Receivables 450,000.00
- 450,000.00 450,000.00 -
* Being adjustment for bad debts written off.

18 Administrative Expenses 89,055.00

Allowance for doubtful debts 89,055.00
- 89,055.00 89,055.00 -
* Being additional provision of doubtful debts.

19 Trade Receivables 1,165,349.00

CitiBank 1,165,349.00
1,165,349.00 1,165,349.00 - -
* Being adjustment of overstatement of receipts

Authorised by,

_________________________________
LIEW POH YEE
Date :

AXP Solutions & Co Page 3