Question
ewqrwfqffwefQFWEeqwfqwfwf.ewfqwfio2qjojoefqi.qw5788 The following is a list of balance obtained from Pagoda Enterprise as at 31 st. August 2002. rm Accounts payable 2,130 Accounts receivable 3,000
ewqrwfqffwefQFWEeqwfqwfwf.ewfqwfio2qjojoefqi.qw5788
The following is a list of balance obtained from Pagoda Enterprise as at 31 st. August 2002.
rm | |
Accounts payable | 2,130 |
Accounts receivable | 3,000 |
Bank. | 3,780 |
Capital | 15,000 |
Carriage inwards | 460 |
Carriage outwards | 375 |
Discount received | 240 |
Import duties | 475 |
Inventory (as at 1st September 2001) | 2,210 |
Purchases. | 10,876 |
Purchases return | 560 |
Rent payable | 1 ,450 |
Rent received | 1 ,265 |
Salaries | 1,101 |
Sales | 12,690 |
Sales return | 658 |
Vehicles | 7,500 |
Additional information:
1 . Inventory on 31 st August 2002 was valued at RM2,462.
- Accrued revenue and expenses during the year were as follows:
i. Discount received RM173
ii. Rent payable RM400
3. Prepaid revenue and expenses during the year were as follows:
i. Rent received RM330
ii. Carriage outwards RM80
4. Vehicles are depreciated at 20% per annum.
5. Provision for doubtful debts is 10% of accounts receivables
From the above information, you are required to:
- Prepare Statements of Profit or Loss (Income Statement) for Pagoda Enterprise for the year ended 31 st August 2002.
- Prepare Statements of Financial Position (balance Sheet) as at that date.
*** How is it incomplete, pls be specific. I have checked the question again from the source i get. What you see is what i get from the source.
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