Hakim started a toy shop business on 1 August 2022. He started the business with an investment of RM 5,000. From this amount of investment, RM 1,000 was in cash and RM 4,000 was in bank account.

August
1	Borrow from Citibank RM 2,000
2	Paid rent for office RM 750 using online banking
5	Paid wages to shop assistant RM 120 by cash
6	Bought a computer RM 3,000 in cash
8	Purchased goods RM 1,380 by cheque
10	Sold toys for RM 650 cash
12	Withdrew RM 200 cash to pay for his mothers medical bills
15	Bought goods on credit from Siam Sdn Bhd RM 830
18	Sold goods on credit to Kenny Enterprise for RM 1,250
19	Purchased goods worth RM 3,789 from Panda Sdn Bhd, paid by cheque RM 2,000 and balance to be paid in the next month
20	Bought office equipment by online banking RM 2,500
23	Paid electricity bills RM 325 by cash
25	Paid internet bills for RM 230 by online banking
27	Returned goods amounted to RM 515 that previously purchased from Panda Sdn Bhd
28	Returned damaged goods worth RM 310 to Siam Sdn Bhd
29	Kenny Enterprise return wrong colour goods of RM 480
30	Bought stationeries of RM 90 using cash money
30	Hakim invested further RM 3,000 into the business
31	Paid RM 300 to Siam Sdn Bhd through online banking
31	Received cheque from Kenny Enterprise RM 500

Required:

Prepare a Prime Book Entry for the above transactions

Record the transactions in Ledgers and Balance-off the ledgers.

Extract a trial balance.

Prepare Statement of Profit or Loss & Statement of Financial Position.

Good accounting practices in a business protect the company from any fraudulent activities and ensure the credibility of a business. Briefly explain how accountant can ensure good accounting practices being implemented in a business.