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On 31 December 2012, the following information was extracted from the trial balance of Kamal Ltd.: i. Owing rental expenses (3 months) RM 1,350. ii.
On 31 December 2012, the following information was extracted from the trial balance of Kamal Ltd.: i. Owing rental expenses (3 months) RM 1,350. ii. Accrued commission revenue (6 months) RM 2, 100 The rental that Kamal Ltd. need to pay yearly was RM 5, 400 and Kamal Ltd. supposedly to receive RM 4, 200 as a yearly commission. On the year 2013, the following rent payments were made: 7th February - RM 900 13th May - RM 1,350 24th August - RM 1,350 31st October - RM 900 Meanwhile on the year 2013, the following commission were received: 31st March - RM 1,050 30th June - RM 1,050 30th September - RM1, 050 Kamal need your help to: a) Prepare Rental & Commission accounts to show the effect of those transactions. (8 marks) [Total marks = 8 marks]
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