Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the Trading, profit and Lost Statement Credit RM 18,600 326 Tutorial 5 1. Following is the trial balance of LHD Enterprise: Trial Balance

image text in transcribed
I need the Trading, profit and Lost Statement
Credit RM 18,600 326 Tutorial 5 1. Following is the trial balance of LHD Enterprise: Trial Balance as at 31 May 2019 Debit RM Sales Purchases 11,556 Opening Inventory 3,776 Carriage outwards Carriage inwards 234 Returns inwards 440 Returns outwards Salaries and wages 2,447 Motor Expenses 664 Rent 576 Sundry expenses 1,202 Motor vehicles 2,400 Fixtures and Fittings 600 Debtors 4,577 Creditors Cash at bank 3,876 Cash in hand 120 Drawings 2,050 Capital 355 3,045 12,844 34,844 34,844 Inventory as at 31 May 2019 was RM4,998. You are required to: (a) Prepare an income statement for the year ended 31 May 2019. (b) Prepare a balance sheet as at 31 May 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integral Audit Acceptions Objectives And Practices

Authors: David Pavón, Catalina Rueda

1st Edition

6206302083, 978-6206302087

More Books

Students also viewed these Accounting questions

Question

Explain in detail the different methods of performance appraisal .

Answered: 1 week ago