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INSTRUCTION INSTRUCTION This part consists of ONE (1) question. Answer ALL questions in the answer booklet provided (Question 1) Nexuko Sdn. Bhd. is a a
INSTRUCTION INSTRUCTION This part consists of ONE (1) question. Answer ALL questions in the answer booklet provided (Question 1) Nexuko Sdn. Bhd. is a a company that manufactures home fumiture. The following information is extracted from the business Trial Balance as at 30 November 2020. Additional Information (i) Inventory as at 30 November 2020 was valued at RM4,580, (ii) Utility expenses of RM200 was outstanding. (iii) The shop rental is RM1,500 per month. It was paid in advanced for two months. (iv) Depreciation is to be provided as follows: 25 (v) The owner has taken goods worth RM1,500 as a gift for his daughter's birthday. You are required to prepare: (a) Statement of Profit or Loss for the year ended 30 November 2020. (15 marks) (b) Statement of Financial Position as at 30 November 2020. (10 marks)
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