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Prepare the research account for the two years

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Reference no: EM133141717

Question - Wawasan Sdn. Bhd. paid the following expenditure on research for the year ended 28 February 2019 and 2020:

Year 2019 2020

Research (RM'000) 300 400

Required -

(i) Discuss the accounting treatment for expenditure on research.

(ii) Prepare the research account for the two years ended 28 February 2019 and 31 January 2020.

Reference no: EM133141717

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