After working as a junior auditor for five years with ATAREK KAMIL IBRAHIM & CO$,$ you finally had enough capital as well as the courage to start your own business. Together with your partner, an expert marketer, Lite Ace Sdn Bhd was formed in $2018$ which equally shared by you and your partner with capital contribution of RM$200,000$ each. Beside you as the Managing Director and your partner as the Marketing Director, the company has three other independent directors or advisors.

Lite Ace Sdn Bhd is a company trading in high end sports goods located in the heart of Kuala Terengganu. It makes up its accounts to $31$ December each year. As an ex$-$auditor, you are responsible to manage the accounts of the company while your partner main responsibility is to manage the overall company's operation especially in promoting your business. With hard works and dedication, the business is progressing steadily to become one of the leading sporting goods providers in the East Coast of Malaysia.

Despite the slight economics turbulent at the beginning of $2021$ and $2022,$ the performance of the company is still outstanding in its category. For the year ended $31$ December $2023,$ Lite Ace Sdn Bhd shows a profit before tax of RM$2,415,900.$ Its trading profit and loss account for that year is as follows:$\backslash$table$[[,$Note,RM$,$RM$],[$Sales$,,,4,750,000$