Bukhari Enterprise

Trial Balance as at 31 December 2019

ACCOUNT TITLE	DEBIT	CREDIT
Capital		RM136,175
Shop fitting	RM34,500
Drawing	RM7,1276
Loan payable		RM52,000
Trade receivable	RM2,700
Accrual expense		RM160
Cash at bank	RM2,140
Property	RM108,000
Trade payable		RM4,165
Prepayment of expenses	RM225
Closing inventories	RM31,517
Cash in hand	RM80
Suspense	RM10,000
Revenue		RM10,000
Sales		RM74,323
Opening inventories	RM3,500
Depreciation shop fitting	RM6,500
Depreciation property	RM5,400
Bad debt	RM1,040
Return outwards		RM55
	RM276,878	RM276,878

Required

i. Prepare a Statement of Profit or Loss for the period ended 31 December 2019

ii. Prepare a Statement of Financial Position as at 31 December 2019.

*there is no purchase transaction, I don't know whats wrong with the trial balance.