Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i need the treading and profit and loss statment for the year ended 31 May 2019 2- i need the balance sheet as at 31
i need the treading and profit and loss statment for the year ended 31 May 2019
Tutorial 6 1. Following is the trial balance of G2020 Sdn.Bhd: Trial Balance as on 31 May 2019 Debit RM Credit RM 11,600 2.556 2,311 226 234 355 540 2.437 564 25,347 Capital Drawings Cash at bank Cash in hand Debtors Creditors Inventory as at 1 June 2007 Motor van Office equipment Sales Purchases Return inwards Carriage inwards Return outwards Carriage outwards Motor Expenses Rent Telephone charges Wages and salaries Insurance Office expenses Sundry expenses 523 10,676 1,352 1.400 500 6,217 4,576 220 2,150 342 543 981 37,825 37,825 Additional Information: Inventory as at 31 May 2019 was RM3, 298. Wages and salaries outstanding is RM1, 322. Rent accrued is RM320. Telephone bills are yet to be paid of RM211. You are required to: a Prepare a trading and profit and loss account for the year ended 31 May 2019. b. Prepare a balance sheet, as at 31 May 2019 2- i need the balance sheet as at 31 May 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started