$12$:$15$

Business Accouring $($BAAB$1014)$

CONFIDENTIAC

There are FIVE $(5)$ questions in this section. Answer ALL questions in the Answer Booklet.

$(100$ MARKS$)$

Question $1$

Mr$.$ Bersih Enterprise is one of the best laundry service providers in Klang Valley. The following are balances extracted from the book of Mr$.$ Bersih on ${31}^{11}$ December $2023.$

$\backslash$table$[[,\backslash$table$[[$Debit$],[($RM$)]],\backslash$table$[[$Credit$],[($RM$)]]],[$Capital as at $1"$ Jan $2023,20,000,],[$Inventory as at $1"$ Jan $2023,25,650,],[$Purchase of laundry supplies,$950,],[$Drawing$,,194,290],[$Service revenues,$5,260,3,500],[$Return inwards$/$ Return outwards,$4,500,],[$Carriage inwards,$800,],[$Carriage outwards,$1,480,],[$Discount allowed,,$4,500],[$Discount$,25,000,],[$Trade receivables,,$16,450],[$Trade payables,,$],[$Commission$,3,600,],[$Insurance$,60,000,],[$Wages$,1,000,],[$Stationaries$,1,200,],[$Assessment rate,,$75,000],[$Mortgage loan,$1,500,],[$Cash$,10,500,],[$Bank$,150,000,],[$Plant and machinery at cost$,,10,000],[$Accumulated depreciation $-$ plant and machinery,$45,000,],[$Motor vehicles at cost$,,4,500],[$Acoumulated depreciation $-$ motor vehicles,$15,000,],[$Goodwill$,,1,500],[$Provision for doubtful debts,$15,000,],[$Investment$,386,440,386,440],[$Total$,,]]$

Additional information

The provision for doubtful debts is to be adjusted at $5\%$ of trade receivables.

$2$

Business Accounting $($BAAB$1014)$

Jariasy $2024$ Final Examinafion

CONFIDENTIAL