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Additional information: i. Inventory at 305t November 2015 is RM17,483. ii. Depreciation for the year is to be provided as follows: Computer equipment 25% on
Additional information: i. Inventory at 305t November 2015 is RM17,483. ii. Depreciation for the year is to be provided as follows: Computer equipment 25% on net book value (NBV) - Ofce equipment 10% on cost. iii. The amount shown for insurance on the trial balance includes a premium paid of RM1,200, which represents the annual insurance premium to 315t May 2016 iv. Telephone totalling RM2,411 have been incurred but not yet paid. v. An allowance for doubtful debts of 5% of the accorults receivable is to be created. vi. During the year, Diana took RM200 by cheque for her own use. This has not been recorded in the accounts. Required: (a) Prepare the statement of profit or loss for Diana for the year ended 30 November 2015. (15 marks) (b) Prepare a statement of financial position for Diana for the year ended 30 November 201 (10 marks) Total: 25 marks
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