1) Closing inventories as at 30 September 2022 were estimated to be worth RM16,500.

2) Annual depreciation for the non-current assets is as follows:

Fixtures and fittings

10% using the reducing balance method

Building

2% on cost

3) Repair of buildings of RM134,600 is inclusive of building renovation of RM85,000.

4) Bad debts as at the end of the year is RM130.

5) Provision for doubtful debts amounting to 2% of trade receivables has to be provided.

6)

Goods worth RM2,000 and RM1,000 of cash from the bank were taken by Encik Kiran for his own

use. No records were made for the goods and cash drawings were recorded under salary

accounts.

7) Adiustments are as follows:

Accrued rental of RM600

Accrued salary of RM2.250

Required:

a) Prepare Ali Enterprise's Income Statement for the year ended (post adjustments) for the year

ended 30 September 2022.

(20 marks)

b)

Prepare Ali Enterprise's Statement of Financial Position (post adjustments) as at 30 September

2022

(20 marks)