Question
Big Splash Enterprise pays rental for office by cheque quarterly in advance. The followings are the transactions during the financial year ended 30 April
Big Splash Enterprise pays rental for office by cheque quarterly in advance. The followings are the transactions during the financial year ended 30 April 2020: Payment date 3 April 2019 15 July 2019 8 October 2019 27 December 2019 5 April 2020 Amount paid (RM) 10,500 13,500 13,500 14,100 14,100 Period of rentall 1 April 2019 to 30 June 2019 1 July 2019 to 30 September 2019 1 October 2019 to 31 December 2019 1 January 2020 to 31 March 2020 1 April 2020 to 30 June 2020 Required: a. Show the entries in the ledger accounts for the year ended 30 April 2020. b. Show the Profit or Loss and Other Comprehensive Income (extract) for the year ended 30 April 2020 and the Statement of Financial position (extract) as at 30 April 2020.
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