Question
Below is the information extracted from the book of ABC Sdn Bhd. Prepare the trial balance as at 31 December 2019. (15 marks.) Accounts Amount
Below is the information extracted from the book of ABC Sdn Bhd. Prepare the trial balance as at 31 December 2019. (15 marks.)
| Accounts | Amount (RM) |
| Land | 500,000 |
| Building | 200,000 |
| Motor vehicles | 120,000 |
| Plant and machinery | 70,000 |
| Retained profit as at 01.01.2019 | 312,150 |
| 8% debenture | 150,000 |
| Ordinary share | 200,000 |
| Accumulated depreciation as at 31.12.2019: Building | 60,000 |
| Motor vehicles | 69,250 |
| Plant & machinery | 40,000 |
| Sales returns | 3,600 |
| Purchase returns | 4,100 |
| Sales | 700,000 |
| Purchases | 400,000 |
| Sales discounts | 5,000 |
| Purchase discounts | 3,500 |
| Opening inventory | 52,000 |
| 7% Preference shares | 50,000 |
| Provision for bad debts | 2,000 |
| Trade receivables | 26,700 |
| Trade payable | 43,200 |
| Administrative expenses | 18,000 |
| Staff training cost | 4,000 |
| Bad debts | 12,500 |
| Motor expenses | 27,000 |
| Rental | 90,000 |
| Bank overdraft | 15,400 |
| Wages and salaries | 115,000 |
| Debenture interest | 6,000 |
| Suspense account | 200 |
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