FS Exercise 03 1. Following are balances extracted from the books of accounts of Met Design Limited as on 31 December 2018: SL# 1 2 3 4 5 6 7 8 9 10 11 12 13 Account Name Cash in hand Cash at Bank Capital Drawings Advance office rent Advance money received from customers Account Receivables Account Payables Sales Purchases Furniture Accumulated Depreciation- Furniture Transportation Expenses Salaries Advertisement Insurance Bank Loan Land Depreciation Exp.- Furniture Inventory Office Rent Interest expense Machineries Accumulated Depreciation-Machineries Balance (BDT) 14,000 27,000 500,000 200,000 18,000 30,000 46,600 32,400 200,000 120,000 127,500 52,500 2,700 32,000 2,400 1,600 50,000 200,000 2,500 18,600 2,000 5,000 50,000 5,000 14 15 16 17 18 19 20 21 22 23 24 Requirements: a. Prepare the trial balance of Met Design Limited as on 31 December 2018. b. Prepare the Statement of Financial Position (Balance Sheet) as on 31 December 2018. Prepare the Statement of profit & Loss and Other Comprehensive Income (Income Statement) for the year ended on 31 December 2018. C. FS Exercise 03 1. Following are balances extracted from the books of accounts of Met Design Limited as on 31 December 2018: SL# 1 2 3 4 5 6 7 8 9 10 11 12 13 Account Name Cash in hand Cash at Bank Capital Drawings Advance office rent Advance money received from customers Account Receivables Account Payables Sales Purchases Furniture Accumulated Depreciation- Furniture Transportation Expenses Salaries Advertisement Insurance Bank Loan Land Depreciation Exp.- Furniture Inventory Office Rent Interest expense Machineries Accumulated Depreciation-Machineries Balance (BDT) 14,000 27,000 500,000 200,000 18,000 30,000 46,600 32,400 200,000 120,000 127,500 52,500 2,700 32,000 2,400 1,600 50,000 200,000 2,500 18,600 2,000 5,000 50,000 5,000 14 15 16 17 18 19 20 21 22 23 24 Requirements: a. Prepare the trial balance of Met Design Limited as on 31 December 2018. b. Prepare the Statement of Financial Position (Balance Sheet) as on 31 December 2018. Prepare the Statement of profit & Loss and Other Comprehensive Income (Income Statement) for the year ended on 31 December 2018. C