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i) prepare statement profit or loss and other comprehensive income for the year ended 30 june 2020. ii) prepare the statement of financial position as
i) prepare statement profit or loss and other comprehensive income for the year ended 30 june 2020.
ii) prepare the statement of financial position as at 30 june 2020.
Mr. Ahmad Ali, who runs a retail business, Teguh Harian Ltd, had the following balances extracted from the books of the business on 30 June 2020: (Ahmad Ali, yang menjalankan perniagaan runcit, Teguh Harian Ltd, mempunyai baki-baki berikut yang diekstrak daripada buku-buku perniagaan pada 30 Jun 2020: RM 72,440 RM 165,520 3,520 65,980 4,360 2,680 25,100 60 80,000 3,580 Account Name Account Receivable and Account Payable Carriage inwards Inventory as at 1 July 2019 Carriage outwards Discount allowed and discount received Utilities Loan from Miko bank Returns inwards and return outwards Bank Premises Motor Vehicles Furniture and fittings Cash Accumulated depreciation as at 1 July 2019 Motor vehicles Furniture and fittings Salaries and wages Bad debts Rent received Printing and stationery Drawings Insurance expenses Purchases and Sales Allowance for doubtful debts Capital as at 1 July 2019 3,840 10,400 160,000 56,000 27,600 2,160 20,160 8,280 68,600 2,940 7,500 9,400 3,560 18,200 592,380 844,300 5,920 180,000 1.222.240 1.222.240Step by Step Solution
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