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i need answer for that question 1 Question 1 Mirna the owner of Mirna Trading extracted the following balances as at 31 December 2020. Particulars

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Question 1 Mirna the owner of Mirna Trading extracted the following balances as at 31 December 2020. Particulars Debit (RM) Credit (RM) Beginning Inventory 2,368 Carriage outwards 200 Carriage inwards 310 Return inwards and outwards 248 322 Purchases 10,874 Sales 19,600 Salaries and wages 3,862 Advertisement 211 Rent 304 Insurance 78 Repairs of motor vehicle 164 Office expenses 216 Travel expenses 166 General expenses 314 Premises 35,555 Fixtures and fittings 2,800 Trade receivables and payables 3,896 1.231 Fixed deposit at BIMB 8,000 Cash in hand 482 Cash at bank 1,210 Drawings 1,200 Capital 36,000 Loan from MBF Finance 15,000 Discount allowed and received 45 200 Commission revenue 150 72,503 72,503 Additional information: i. Inventory as at 31 December 2020 are valued at DM on Additional information: i. Inventory as at 31 December 2020 are valued at RM2,900. ii. Rent accrued on 31 December 2020 was RM50. iii. Commission revenue of RM50 was still not received as at 31 December 2020 iv. Depreciation for the year are to be provided as follows: Fixtures and fitting 20% on straight line method Premises 15% on straight line method v. Provision for doubtful debts of 3% of account receivables was created on 31 December 2020. vi. During the year the proprietor took goods costing RM350 from the business for his own use. Required: a) Prepare a Statement Comprehensive Income for the year ended 31 December 2020. (10 marks) b) Prepare a Statement of Financial Position as at 31 December 2020. (10 marks) (Total: 20 Marks) Question 2 The following is the bank statement received by lovab

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