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I need help with this question asap pls.. ill upvote Khairul is an import merchant On 30 June 2021 , his ledger showed the following:
I need help with this question asap pls.. ill
Khairul is an import merchant On 30 June 2021 , his ledger showed the following: Details Capital 1 January 2020 Drawings Inventory, 1 January 2020 Purchases Sales Duty on imported goods Freight and insurance on imported goods Wages RM 14,000 2,000 5,100 21,650 38,065 2,555 1,460 2,700 575 1,600 3,945 600 1,000 1,770 12,000 2,000 1,000 Advertising Account receivable Account payable Discount allowed Rent Sundry expenses Motor vehicles Accumulated depreciation for Motor Vehicle Cash at bank Prepare the Income Statement for the half year and Statement of financial position after considering the following information: The closing inventory was valued at RM6,400 at cost price and RM6,240 at market price ii. Allow depreciation on motor vehicles at the rate of 20% per annum using reducing balance method. iii. Create a Provision for Doubtful Debts of RM100 iv. RM150 on sundry expenses was prepaid upvote
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